Company Now 100% Employee Owned
After nearly 44 years in business, Columbus Chemical Industries (CCI) has transitioned to a 100% ESOP
(Employee Stock Ownership Plan) owned company. In an announcement made on January 27, 2022, company
founder, Richard Sheard outlined how important it was that the CCI employees who helped grow a strong, prosperous company should share in its ownership into the future.
In the announcement meeting, after expressing his gratitude for efforts by the CCI team, but before telling
employees that the company was sold to the ESOP, Richard stated along with the other Shareholders he had
sold the company. After a pause, he then went on to unveil that the new owners were the employees, to which there was applause and amazement.
Thanking Richard and the shareholders for making such a wonderful decision to benefit the long-term future of CCI and all its associates, President Randall Eppli indicated Richard’s legacy of serving customers and
honoring CCI associates will carry on through an employee-owned company.
With facilities in Wisconsin and Arizona and distributor partners reaching global customers, CCI is a specialty chemical company providing custom engineered solutions for the semiconductor, medical device, biotech, laboratory, and industrial manufacturing industries. The CCI team is proud of the recognition regularly received for employee safety, outstanding service, environmentally conscious practices, and active community involvement.
About ESOP Partners
ESOP Partners is an ESOP service provider that changes lives by creating wealth and sustainable employment through employee ownership and works with business owners and companies to determine if an ESOP is a good fit for their situation. ESOP Partners establishes, maintains, and sustains employee stock ownership plans (ESOPs) throughout the lifecycle to maximize the benefits of being an ESOP company and provide employees with an ownership stake in the company that they work for.