Committed to Using Business As a Force For Good, Fireclay Tile Announces Significant Expansion of Employee Ownership
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Wednesday, October 14, 2020
SAN FRANCISCO, Oct. 14, 2020 /PRNewswire/ --Fireclay Tile, the socially responsible California tile maker with a mission to do good, today announced a significant expansion to Employee Ownership.
Key Points:
- SAN FRANCISCO, Oct. 14, 2020 /PRNewswire/ --Fireclay Tile, the socially responsible California tile maker with a mission to do good, today announced a significant expansion to Employee Ownership.
- Fireclay Tile's announcement includes a new 23% Employee Stock Option Plan, on top of the 15% already owned by team members.
- Research shows Employee Owned businesses produce greater revenues and profitability compared to their peers, and since first introducing employee ownership in 2013, Fireclay Tile has increased revenues 8x.
- As a mission-driven, values-based company rooted in innovation, Fireclay Tile's significant expansion to employee ownership is the latest chapter in leveraging business for good.