Dale Medical Products Becomes Fully Employee-Owned

Franklin, Mass-based medical device manufacturer Dale Medical Products has completed a transaction to become a 100% employee-owned company via a newly created employee stock ownership plan.
 
Dale founder David Kaplan has repeatedly shared his desire to conduct his business and share the company’s success with all employees. He accomplished this by rewarding office and factory workers with competitive salaries and hourly rates, good working conditions, health insurance, and a generous profit sharing/retirement plan. The tradition has continued without interruption under successive leadership.
 
“Since our founding in 1961 and as president since 1997, my philosophy has been to empower our employees to produce our products and work with our suppliers and customers as if they were direct stakeholders in Dale,” former Dale president John Brezack told the press. “I am extremely pleased that my vision has become fully realized. Our employees can now have an additional level of confidence that Dale is here to serve the needs of its customers over a much longer horizon. I am excited to sell the company to our employees themselves, so they could continue our Dale brand, our vision, and our unity as a unique company and culture.”
 
“As an employee-owned company, we will preserve the Dale legacy of providing highly trusted medical products to help caregivers and patients worldwide,” said new Dale president and CEO Bob Simpson. “Our employees have always taken extraordinary pride in the positive impact we have on patient care, and now they can benefit further as stakeholders in our company.”