Celebrating Over 45 Years as an ESOP Company:
What Does It Mean for You?

In 1974, the future of Hisco was weighing on founder Paul Merriman’s mind. After much deliberation and exploration of his options, Mr. Merriman chose a pioneer’s path and began to build one of the first employee stock ownership plans in the country. Graciously placing ownership in the hands of his employees, Mr. Merriman recreated Hisco as an ESOP company, an act which has shaped the corporate culture, values and commitment that define Hisco today.

It’s true that ESOP employee participants reap many benefits, from better retirement options to happier working environments, with enhanced motivation and reduced employee turnover. ESOP companies enjoy greater overall success, even during economic downturns, and are generally more profitable and productive. But what does all this really mean to YOU, our customer?