Supplier News

Sebright Products Inc. transitions to 100 percent employee ownership

Sebright Products Inc., a waste handling and recycling equipment manufacturer based in Hopkins, Michigan, has announced it has transitioned to a 100 percent employee-owned company.

All employees of Sebright Products Inc. are now owners of the company through an employee stock ownership plan (ESOP). The company says this milestone marks a significant step in its commitment to empowering its workforce and ensuring long-term sustainability and growth.

Sebright has long been dedicated to fostering a collaborative and inclusive work environment where every team member has a vested interest in the success and future of the organization, the company says. Its shift to an employee-owned structure recognizes the contributions of employees while deepening its commitment to teamwork, innovation and community.

“We are thrilled to become a 100 percent employee-owned company,” Sebright CEO Emir Avdic says. “This change not only rewards our hardworking employees but also aligns with our core values of teamwork, innovation and community. By giving our employees ownership, we are investing in their future and the future of Sebright Products Inc.”

The ESOP structure will provide employees with benefits, Sebright says, including enhanced financial security, increased engagement and motivation and long-term stability.

The company says this transition to employee ownership will further strengthen its ability to innovate and meet the needs of its customers.

“We believe that employee ownership is the key to our continued success,” Avdić says. “Our employees are the heart of our company, and their dedication and hard work have driven our achievements. This new chapter will empower them to take our company to even greater heights.”