Macedonia, Ohio - January, 2007 – On December 29, 2006, Patio
Enclosures, Inc. announced that it had become100% employee-owned. The
company, the nation's leading manufacturer and installer of sunrooms,
solariums and conservatories, joined the ranks of a small percentage of
firms that have become 100% employee-owned through employee stock
ownership plans (ESOPs).
"It is a real milestone for our company and the employee-owners of
Patio Enclosures, Inc.," remarked Ken Sekley, President and CEO. "This
event was made possible by our employee-owners' commitment to
delivering quality products and satisfying our customers."
Patio Enclosures, Inc. was founded in suburban Cleveland, Ohio in 1966.
A guiding force for almost the entire history of the company was Robert
Schneider, who assumed 100% ownership of Patio Enclosures, Inc. in
1979. Throughout his tenure, he was instrumental in driving the firm to
a leadership position in its industry. In 1996, Mr. Schneider took the
first steps in realizing his vision of passing the company on to its
employees when he announced the formation of the ESOP. His vision
became reality on December 29, 2006.
Today, Patio Enclosures, Inc. is
the largest manufacturer and installer of sunrooms in North America
with more than 200,000 rooms installed. The company has been recognized
for several years by Qualified Remodeler Magazine as the Top Performing
Sunroom Company in North America. Patio Enclosures, Inc. operates 30
branch locations across the United States and Canada and has more than
750 employee-owners. The company also operates three casual furniture
superstores in northeastern Ohio and one superstore in Pittsburgh.