BELLEFONTE — State Rep. Kerry Benninghoff, R-Bellefonte, presented Restek with a resolution Oct. 3 declaring October “Employee Ownership Month” in Pennsylvania.
“It’s really an honor as someone who represents you in Harrisburg to assist you with the work you do,’ said Benninghoff. ‘Rock on. The fact that you’re world-known is great bragging rights for your state representative, and I’m happy to do that.”
Restek is owned by its employees through an Employee Stock Ownership Plan. According to the company, since becoming 100 percent employee-owned at the end of 2008, it has more than doubled in size and its stock value has grown tenfold.
“We value seeing employee ownership extend to more and more companies throughout the state and creating more businesses like Restek, where employees own the company, love working for it, take care of it and take care of each other,” said Bryan Wolcott, Restek president.
Currently, there are more than 285 employee-owned companies in Pennsylvania, employing more than 306,000 people.
