Long-time foodservice company makes itself open to ownership by employees.
Foodservice manufacturer representative Zink Foodservice has something new to make available—to its 75+ employees, not customers. Through an Employee Stock Ownership Plan, the 40-year-old company is now employee-owned.
Managing Partner Jim Zink says the idea for an ESOP came as an answer to questions about where the company is headed in the future.
“We have worked very hard at building the organization that we have today. But with any business there comes a time when you have to look around and say, ‘What does the future hold? How do we set this thing up to be successful for another 40 years?’ It became clear that an ESOP was an ideal solution for our organization—one that aligns perfectly with our strategic goals,” he says.
Zink Foodservice is a provider of sales, marketing, distribution and installation services for manufacturers and dealers of foodservice equipment and smallwares for 40 different manufacturers.