Johnny’s Selected Seeds,
a privately-held Maine seed company since 1973, will soon be
employee-owned. The announcement was presented by founder
and owner Rob Johnston at an all-employee luncheon today.
The plan will be implemented over the next 10 years, with
employees gaining majority shares by July of 2009.
What was
once a more local and regional supplier of vegetable, flower
and herb seeds has grown over the last three decades into a
multi-channel, international seed merchant, providing
commercial grower and home garden customers from across the
country and worldwide with quality seeds, as well as tools
and supplies. The company has earned a reputation for
quality product, service and technical advice.
“We're
about to embark on a new adventure, turning Johnny's into an
employee-owned seed company,” said Johnston. “While every
privately owned company eventually changes hands, this is
selling out with a twist: the employees are buying it. This
settles the ownership question moving ahead, and that
benefits the whole Johnny's community -- customers,
employees, suppliers, and research cooperators. This place
has a life beyond me and that life begins now.”
“The sale
of Johnny’s through an
Employee Stock Ownership Plan
(ESOP) is a tremendously exciting opportunity for all of its
soon-to-be employee-owners,” says General Manager Mike
Comer. “It will reward our employees for their continued
focus on building long-term relationships with our customers
and for their creative solution-finding aimed at advancing
operations to the benefit of our customers.”
Johnny's Selected Seeds
provides quality vegetable, herb, and flower seeds as well
as tools and supplies, to home garden and commercial
growers.
An
independent company since 1973,
Johnny’s prides itself on its superior product, research,
technical information, and customer service. All of
Johnny’s seeds and accessories are thoroughly tested at the
company’s certified organic farm in Albion, Maine and are
backed by a 100% satisfaction guarantee.