SeaDek Becomes An Employee-Owned Company

SeaDek Marine Products has announced that the company is now owned by its employees.

The Rockledge, Florida-based company implemented an employee stock ownership plan (ESOP) earlier this month. In addition to helping create financial security for employees, the plan is designed to encourage and reward increased employee productivity and efficiency.

“In the earliest days of SeaDek it was an entrepreneurial spirit that drove us to change the way boaters connect with their boats,” said Kurt Wilson, company president. “We’ve worked hard to foster that same spirit in our employees so they’re committed to the ongoing problem-solving process that is at the core of any growing business. Now, we’re taking the idea of employee entrepreneurship to its full expression. We’re giving everyone in the company an ownership stake in SeaDek. It’s a very exciting time for us.”

SeaDek has experienced steady growth in recent years, as economic recovery in the US has spurred demand for its EVA non-skid decking. In 2014, the company moved from its original 17,000 square foot building into a new 72,000 square-foot facility.