D&S Mfg. becomes majority employee-owned company
D&S Mfg. has announced that through an additional stock purchase by its ESOP trustee, the company now is majority employee-owned. According to President Mike Dougherty, this action ensures the facility will stay in Black River Falls, Wis.
When employees leave the company, through retirement or other reasons, they receive their stock, which the company must buy back at fair market value.
The firm is a custom manufacturer of large-scale components, assemblies, and complete weldments.