Morton Buildings Becomes Employee Owned
(Morton, Il.)-- Morton, Illinois-based Morton Buildings, Incorporated announced Tuesday 100 percent of the company is now owned by employees.
A news release says prior owners sold their shares to an Employee Stock Ownership Plan Trust.
The release goes on to say that Morton Buildings will continue to operate under its existing business model and management structure.
About 1,700 people work for Morton Buildings company-wide.
Morton Buildings has a manufacturing plant and sales office in Spencer.
Morton Buildings operates in 43 states with 103 construction centers and eight manufacturing plants.
The company was founded in 1903.