Cee Kay Supply notes employee stock ownership plan
July 13, 2021
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ST. LOUIS Cee Kay Supply, Inc., the largest family-owned independent distributor in the Midwest for industrial gases, welding equipment, and dry ice, announced Tuesday the formation of its new Employee Stock Ownership Plan (ESOP) designed to provide 49% stock benefits to the 135 employees.
The transaction has also included additional operating companies Gateway Cylinder Technologies, ArchView Carbonic and CryoGas CO2 to create the newly formed employee-owned entity CK Supply, Inc.
“The employees have always been at the center of growth & success for Cee Kay Supply,” said Tom Dunn, past CEO and owner. “As I explored transitioning out of ownership, the ESOP model was a great solution to preserve the brand and our family ownership legacy, while allowing future employees to directly share in the benefits of their hard work and long-term dedication.”
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