Pike Nurseries Becomes an Employee-owned Company
Pike Nurseries management is pleased to announce the company has combined with Armstrong Garden Centers, its sister corporation in California, to operate under an established Employee Stock Ownership Plan (ESOP). The plan transfers ownership to Pike Nurseries and Armstrong Garden Centers employees through a defined contribution benefit program.
“The ESOP program allows us to reward our employees for their hard work and longevity with the company,” said Mike Kunce, CEO and Chairman of the Board at Pike Nurseries and Armstrong Garden Centers. “This structure not only enables management continuity, but also ensures the employees who have built and sustained Pike Nurseries and Armstrong Garden Centers play an integral part in the future success of the business.”