Vermont manufacturer Sonnax Industries sold to employees

News Story: 

Sonnax Industries, an auto parts manufacturer based in Bellows Falls, VT, has been sold to its employees. The previous owners, Tommy Harmon and Rick Fritz, sold 100% of the company stock to an Employee Stock Ownership Plan (ESOP). The company employs about 150 people.

Vermont Aerospace Becomes 100% Employee-Owned

News Story: 

cotascotas and bernie sanders

Vermont Aerospace Manufacturing, Inc., announced today that it has been sold to its employees through an Employee Stock Ownership Plan (ESOP). Company owners Don and Sheryl Cota decided to create the ESOP as a way to reward employees for their years of service and to insure that the business would stay in the area.


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