Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
If you would like to send us an article, contact Margaret Stacey
   


The ESOP has had an overwhelmingly positive effect on the company.

Inland Seafood Announces that the Company is Now Employee-Owned

  (UNITED STATES, 11/10/2017)

The shareholders of Inland Fresh Seafood Corporation (Inland Seafood), have announced that the company has recently been sold to its employees. It is now a 100% employee-owned company through an Employee Stock Ownership Plan (ESOP).

In the past few years, there has been a great consolidation in the independent seafood and meat industries; and in the perishable food distribution sector in general. Inland Seafood has been of great interest to many companies, both private and public, and it has only intensified in the last couple of years. There have been various rumors that Inland was being sold, or had been sold, to one of these companies.

Inland Seafood is one of the largest seafood distributors in the USA.

“While this attention was very flattering to us,” said Joel Knox, Founder & CEO, “it was disturbing to many of our employees. William Demmond, COO and Chris Rosenberger, President, and I, took a look at the food industry and economic landscape, and then we thought long and hard about the best future for our employees and ourselves. Inland has a dedicated workforce who had helped build the company over the last 40 years and we are always recruiting the best and the brightest in the industry. Many of these people are in their late 20’s to late 40’s and have spent 5-15 years or more helping us grow the various businesses. Instead of cashing out to the highest bidder, Bill, Chris and I decided to empower these employees by making them the new owners of Inland Seafood.”

Joel Knox.
Mr. Knox goes on to say, “We feel there is so much left to accomplish and that this is the perfect succession plan. Bill & I will still be here for the next few years and Chris Rosenberger will run the company along with the talented, hard working employees and managers we have gathered around us. We feel the new owners, will take all the Inland companies to the next level and we are excited to share the future success with them.”

The ESOP has had an overwhelmingly positive effect on the company. Creating broad-based ownership among all employees, and fostering an environment in which everyone understands their role in helping the company achieve its bottom line. Research has proven over and over that employee ownership builds successful, competitive companies, and creates equitable wealth for employees. It has been shown that ESOP companies pay better benefits and generates twice the retirement income for employees.

Chris Rosenberger.

“The ESOP gives the employees the knowledge of what the future holds for the company, and it is now in all our hands,” said Chris Rosenberger.

Bill Demmond added, “The industry veterans, and the up and coming stars who call Inland home, deserve this opportunity to take the company to the next level.”

Perhaps more remarkable among ESOP companies, both in the seafood industry and beyond, 84% of ESOP companies agree the ESOP improved motivation and productivity. The new company structure has poised Inland Seafood, and the Inland Market, Inland Lobster and Woodsmoke brands, for further success.

About lnland Seafood

Founded in 1977, Inland Fresh Seafood Corporation is one of the largest seafood distributors in the USA with full distribution facilities in Tucker, GA, Charlotte, NC, and New Orleans, and depots throughout the Southeastern US. The company also owns and operates a new value added facility & cold storage plant in Birmingham, AL, along with a ready-to-eat seafood salad plant in Stone Mountain, GA (Inland Market) and smoked fish plant in Atlanta, GA (Woodsmoke Provisions). In addition, the company operates and/or manages five lobster buying stations, along with its processing facility in South Portland, ME (Inland Lobster) to ship live & process lobsters and other seafood items.

Inland Seafood´s Inland Market brand.

Source: Inland Seafood

[email protected]
www.seafood.media


Information of the company:
Address: 1651 Montreal Circle
City: Atlanta
State/ZIP: Georgia (30084)
Country: United States
Phone: +1 800-883-3474
Fax: +1 404 601 5539
E-Mail: [email protected]
More about:


Location:

View Larger Map


Approval / Accreditation / Certified / Oversight by...
HACCP  USDA/USDC & FDA 



 Print


Click to know how to advertise in FIS
MORE ARTICLES
Skretting Introduces New Feed Formulation Concept
FDO Showcases Range of Seafood Products at HORECA Oman 2024
Atlantic Sapphire Further Reduces Carbon Footprint by Joining Esteemed FPL Solar Together Program
GSA Launches BAP Consumer Websites in French and German
High Liner Foods Invests US$10M in Andfjord Salmon
Blue Star Foods Reports 19% Growth to U$2.3 M Revenue for First Quarter Ended March 31
Filetfabrikken is Ready for the Future of Fish Processing
Wanda Fish Unveils Its First Cell-Cultivated Bluefin Tuna Toro Sashimi
Veramaris Achieves a Record-breaking Year With a 50% Increase in Production Volumes
Online registration is Now Open for Aquaculture Vietnam 2024
Tasmanian Oyster Company Renews Friend of the Sea Certification
Good Results in a Biologically Challenging Quarter for Mowi in Norway
Coles Canned Tuna Range to Get Tick of Approval from MSC
Seaweed Caviar: The “Roe” of the Future
A Gourmet Line of Peruvian Seafood Like no Other
Shinkei Announces USD 6 Million in Seed Funding for Sustainable Robotic Fish Harvesting
BEWI Introduces New EPS Grades and Fish Boxes with 60% Lower CO2 Footprint
Enabling the Blue Food Revolution
American Seafoods Releases Annual Sustainability Report
Natural Shrimp, Inc. Completes Successful Trial in Japan
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
The price of oil
Peru Fishing and aquaculture for human consumption, those invisible arts to feed the world, have suffered for centuries in our country from enormous neglect by official entities, which keep them relegated,...
Vietnamese canned tuna increases market share in the US
Viet Nam Vietnam's canned tuna exports continue to grow rapidly in the first months of 2024. In April 2024 alone, canned tuna exports to this market increased by 127 %, reaching more than 10 million USD. A...
Indian Ocean squid price index: Flying squid (Ommastrephes bartramii)
China In order to continuously enhance the ability to control squid resources and price influence, and conduct more accurate resource assessment and forecasting, the China Ocean Fisheries Association&n...
GSA Releases Outline of the Responsible Seafood Summit 2024 Conference Program
United Kingdom Global Seafood Alliance (GSA) has announced the release of an outline of its highly anticipated Responsible Seafood Summit conference program for 2024. Set to take place in October in St Andrews,...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER