Dale Medical Products, Inc. a manufacturer of medical devices, is pleased to announce it has completed a transaction to become 100% employee-owned through its newly created Employee Stock Ownership Plan (ESOP).
Dale’s founder, David Kaplan, has his goal to share the success of the company with all its hard-working employees. He did this by rewarding office and factory workers alike with competitive salaries, and hourly rates, good working conditions, and benefits including health insurance and a generous profit-sharing/retirement plan. Through the successive leadership under Irving Brezack and then John Brezack, this tradition has continued without interruption.
Bob Simpson, the new President and Chief Executive Officer of Dale commented, “As an employee-owned company, we will preserve the Dale legacy of providing highly trusted medical products to help caregivers and patients worldwide. Our employees have always taken extraordinary pride in the positive impact we have on patient care, and now they can benefit further as stakeholders in our company.”