ShopBot Tools transitions to employee-ownership trust

July 21, 2021 | 2:00 pm CDT
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Photo By Photo by ShopBot Tools Inc.
DURHAM, N.C. – CNC machinery specialist ShopBot Tools announced it has recently restructured as an Employee Ownership Trust (EOT). Founder and Board Chair Ted Hall said the move was designed to position the company for long-term success by empowering employees while providing liquidity for shareholders.
ShopBot is the 14th company in the U.S. to establish an EOT. “The EOT is a vehicle to keep ShopBot thriving, innovating, and active in the community while rewarding the people who have built it over the years including recognizing shareholders' investment," Hall said.

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