Last week, employee-owners at the Milford, DE plant of Baltimore Aircoil Company (BAC), a subsidiary of ESCA member Amsted Industries, were visited by Senator Chris Coons (D- DE). Senator Coons spent the afternoon touring the facility and meeting with employee-owners to learn more about their S ESOP structure and how it has benefited their company throughout the years.
The day began with a briefing for the Senator and his staff by Milford Plant Manager, Drew Satorius. He explained the plant’s operations and the successes they have experienced due in large part to their employee-ownership structure. Drew highlighted the significant growth that BAC has had despite the rough economic environment that many BAC’s growth also aligns with the findings of the recent study by Alex Brill, An Analysis of the Benefits S ESOPs Provide to the U.S. Economy and Workforce.
