Cranston Print Works wins employee ownership award

WASHINGTON – The Employee Stock Ownership Plans Association has honored Cranston Print Works Co. with a Silver ESOP Award in recognition of its long-running employee stock ownership plan.

The Cranston-based printing company is one of 129 corporate members to receive the Silver Award this year. Only members of The ESOP Association qualify for the honor, which goes to organizations that have had ESOPs for 25 years or more.

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“I am very pleased to be able to present these companies with the Silver ESOP Award for their work to sustain their ESOP,” said J. Michael Keeling, the association’s president. “We are working with our members to promote the ideals of employee ownership and to increase the number of ESOP companies in the United States.”

Cranston Print Works and its fellow Silver ESOP Award winners “have clearly shown [that] sharing wealth with employee owners creates greater economic prosperity and strengthens our free-enterprise economy,” Keeling said. “Congratulations to all of them for their work.”

Cranston Print Works Co. – the employee-owned parent company of Cranston/VIP, the CWP’s Webster Division, Cranston Textile Services, Universal Engravers, Bercen Inc., Bercen Inc. South, and Cranston Trucking Co. – is a manufacturer of specialty chemicals and a provider of printing, screen engraving, design, marketing, sales, packaging and transportation services. For more information, visit www.cpw.com.

The ESOP Association is dedicated to the belief that employee stock ownership plans increase U.S. productivity through employee participation. For more information about ESOPs or the association, visit www.ESOPassociation.org.