Tank Connection announces first employee stock ownership plan
Tank Connection has officially announced that it will adopt an employee stock ownership plan this month.
"In essence, the company stock will be purchased and held in a trust, where the employees are the beneficiaries," said TC founding partner and president, Bill Neighbors. "This additional retirement benefit holds extraordinary potential and further enhances the company's 401k, bonus and profit-sharing programs that are already in place."
In 2003, three founding partners started TC, which currently maintains five tank manufacturing facilities and comprises over 420 employees dedicated to designing, manufacturing and field-installing aboveground storage tank systems. All of the company's storage tank products are manufactured in the U.S., with shipment and installations worldwide.
About Tank Connection
With many years of combined experience in the design, manufacturing and field installation of dry-bulk and liquid-storage systems, Tank Connection is committed to providing the highest quality storage containment products and services worldwide. The company exemplifies a passion for safety, employee development, innovation, management excellence, and continuous improvement. For more information, visit www.tankconnection.com.