SYS-CON MEDIA Authors: Jason Bloomberg, Kevin Benedict, David H Deans, RealWire News Distribution, Gilad Parann-Nissany

News Feed Item

Hannibal Industries' Employees Celebrate Collectively Owning Their Company

More Than 75% of Hannibal Industries Employees Are Now 100% Vested Within the Company

LOS ANGELES, CA -- (Marketwired) -- 05/19/14 -- As Hannibal Industries celebrates its 6th anniversary as an Employee Stock Ownership Plan (ESOP) company, it announces more than 75% of its employees are now 100% vested. Since its first full year as an ESOP in 2009, Hannibal Industries' sales have increased by 20.4% and the company has also expanded internationally.

Hannibal Industries President Blanton Bartlett states, "Our company has come a long way since becoming an ESOP and we owe that to our dedicated employee-owners. They are driven and committed to grow and excel with the company."

According to, "ESOP companies grow 2.3% - 2.4% faster after setting up their ESOP. ESOP companies that practice participative management grow 8% - 11% faster with ownership plans per year than without it." The website also states, "ESOP employees make 5% - 12% more in wages and have almost three times the retirement assets compared to workers in comparable non-ESOP companies."

For additional information on Hannibal Industries' offerings, visit Hannibal Industries at Connect with Hannibal Industries on Twitter @HannibalRack, the HannibalRack YouTube channel and on LinkedIn.

About Hannibal Industries, Inc.:
Hannibal Industries, Inc., headquartered in the Los Angeles metro area, is a tube and storage system manufacturer with a diverse product line that enables the company to provide turnkey storage systems to the most massive operations in the world. This employee-owned company is the largest U.S. manufacturer of steel pallet rack west of the Mississippi River.

The company's industry leading product offering includes Structural Pallet Rack, Roll-Formed Selective Pallet Rack, Hybrid Systems, Cantilever Systems, Pushback Systems, Pallet Flow Systems, Case Flow Systems and Drive-In Systems. Engineering and design services offered by the company include: system design; seismic engineering; permit administration; in-house installation and custom fabrication. A true innovator, Hannibal Industries was awarded a patent in 2006 for a pallet rack system adjustable safety restraint, and currently has a patent pending for its TubeRack. For additional information, visit

Image Available:

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.