TVF, a leading North American textile supplier founded in 1974 by Dick Hanzel and Dick Leventhal, converted to 100% employee ownership through an Employee Stock Ownership Plan (ESOP) in 2010. Initially met with some uncertainty, employee ownership ultimately ignited a surge of creativity, growth, and efficiency, as employees embraced a culture of ownership and accountability. This change not only provided financial security for employees but also transformed the culture into a highly engaged, highly empowered, great place to work.
