Restek becomes employee owned

LCGC Europe eNews

LCGC Europe eNews-01-23-2009, Volume 0, Issue 0

Restek has announced the purchase of outstanding corporate shares in a move to 100% employee ownership under an Employee Stock Ownership Programme (ESOP) structure.

Restek has announced the purchase of outstanding corporate shares in a move to 100% employee ownership under an Employee Stock Ownership Programme (ESOP) structure.

The company expects that the transition to 100% employee ownership will ensure stability and continued growth, while maintaining the status of an independent chromatography consumables manufacturer. Additional investment, hiring and international expansion are planned throughout 2009, to capitalize on current market opportunities and increase the company’s reach.

As part of this transaction the Performance Coatings division became SilcoTek, an independent company led by Restek founder Paul Silvis and members of the Performance Coatings team. The new company will focus on developing new coating technologies to enhance material properties for the passivation, anticoking, automotive and ultrahigh vacuum markets.

More information about Restek is available from its website www.restek.com

For more on SilcoTek visit www.silcotek.com