ESOP-Owned Automated Packaging Systems Valuation Jumps 47%
STREETSBORO, OH – Automated Packaging Systems, the world leader in high-reliability bagging systems, has announced that its per share stock value in the company's Employee Stock Ownership Plan (ESOP) jumped 47% over last year.
"This increase is unprecedented and is driven mostly by our outstanding revenue and income growth in 2017," said Cliff Brehm, President. "I want to thank every one of our team members for their dedication and hard work. I am happy to see our employee shareholders rewarded for their loyalty to the company and passion for our business."
Automated Packaging Systems is a privately-held, employee-owned ESOP company that has experienced strong financial performance. Over the past five years, Automated Packaging's employee shareholders have enjoyed an average growth rate of 13.3% in share value.
To determine stock value, an independent third party completes a comparative valuation based on a pool of eight publicly traded companies in the flexible packaging industry, as well as the performance of US financial markets. The company has more than 1,250 employee owners worldwide.
About Automated Packaging Systems
Automated Packaging Systems has been designing and manufacturing original Autobag®, AirPouch® and SidePouch® systems and products for over 50 years. With more than 30,000 packaging systems in operation and a worldwide service organization, Automated Packaging Systems has the experience and support to deliver the ultimate in customer satisfaction. Automated Packaging Systems offers a complete line of baggers, void-fill and protective packaging systems, stretch sleeve labels, thermal transfer imprinters, counters, scales, and specialty packaging materials. Complete information is available at the company's website, www.autobag.com.