Printing company set to become fully owned by employees after 25 years

Bellefonte Area Company Now Employee-Owned

The employees of a Bellefonte area company are now its owners. SilcoTek, based in the Benner Township, became employee-owned on Jan. 1 through the creation of an Employee Stock Ownership Plan, according to a release. The long-planned move will allow staff members to gradually earn shares in SilcoTek at no cost, and ensures that SilcoTek will remain independent. “Our employees have always been the heart of SilcoTek,” Gary Barone, president and he…

Printing company set to become fully owned by employees after 25 years

The DS Group, which was launched in 2001, made the move last month when it became part of the Employee Ownership Trust.