As of 2010, employees own just a little more than 50 percent of the company. My goal is to get 100 percent employee ownership.
Phoenix, AZ (PRWEB) October 25, 2011
A custom packaging solutions company for the medical, food, electronics and retail industries, Flexpak Corporation is very pleased to announce Veronica Silva recently took the Oath of Allegiance to the United States in a formal naturalization ceremony. Veronica joins Flexpak’s three other naturalized employees Lourdes Padilla, Dora Villegas, and Anabel Duran.
Flexpak honored Veronica at a citizenship party at its Phoenix, Arizona manufacturing facility. In becoming a naturalized citizen, a person agrees to accept all of the responsibilities of being a citizen, including supporting the United States, its Constitution, and its laws. In return, he or she is rewarded with all the rights and privileges that are part of citizenship.
Flexpak Corporation places a high value on its relationships with its employees. Flexpak founder and Chairman of the Board, Donald Bond believes ensuring Flexpak’s longevity involves building relationships with employees, customers and suppliers by cultivating a culture of honesty, fairness, reason and doing the right thing.
“We committed ourselves to make our company last by implementing an Employee Stock Ownership Plan (ESOP) in 1988,” Mr. Bond said, “As of 2010, employees own just a little more than 50 percent of the company. My goal is to get 100 percent employee ownership,” he said. “ESOP is a great way to maintain ownership longevity of the company.”
Flexpak established an IRS-qualified Employee Stock Ownership Plan (ESOP) in 1988. As of 2010, employees owned more than 50 percent of the company. Flexpak believes employee ownership enhances individual engagement in the business and maintains a goal of 100 percent employee ownership.
About Flexpak Corporation
Since 1974, Flexpak Corporation has earned its world class reputation supplying custom thermoforming and contract packaging solutions to the most challenging packaging problems through award winning designs, value engineering analysis and outstanding productivity. Flexpak is committed to the highest standard of excellence in our products, services and performance.
Flexpak Corporation operates a fully integrated and registered ISO 9001:2008 manufacturing facility with such value-added services as design engineering, concept development, prototyping, tool fabrication, humidity and temperature controlled manufacturing environment, statistical analysis capabilities, part validations, and supply chain management, including extensive Maquiladora experience.
For more information about custom thermoforming and packaging solutions, please visit http://www.flexpakcorp.com/.