Press Releases
Adair, IA - April 12, 2004
Schafer Systems Announces the Formation of a New Corporate Structure and Name Change to Owner Revolution Inc.
Adair, Iowa, January 9, 2004 - Schafer Systems Inc. (SSI) has reorganized its corporate structure effective November 1, 2003 to better reflect its business operations and to provide a platform for its continued growth. The former SSI holding company structure will now be known as Owner Revolution Inc.
SSI has continued to broaden and diversify its business operations since its inception in 1986. The purpose of the new corporate structure is to segregate distinct business operations into separate corporate entities, all under a single umbrella organization. In the reorganization, SSI will change its name to Owner Revolution Inc. to become the new umbrella organization. Owner Revolution Inc. will, in turn, create four new wholly-owned subsidiaries to reflect its unique businesses. The four subsidiaries are Schafer Systems Inc. ®, Connect-A-Dock Inc. ®, Plastic Professionalstm Rotational Molding, and Plastic Professionalstm Mold Building.
Schafer Systems Inc. is the world leader in point of purchase and promotional products for the lottery industry. SSI dispensers, Play Centers and related products are the industry standard with customers including all 40 U.S. lotteries, 46 countries and 10 territories. SSI is located in Adair, Iowa.
Connect-A-Dock Inc. is a plastic marine products sales and marketing organization. Its current marine product line includes the 1000 and 2000 Series Connect-A-Dock plastic floating dock system. Connect-A-Dock floating docks are winning international acclaim for ease of installation in residential and commercial applications. Connect-A-Dock is located in Adair, Iowa.
The Plastic Professionals Rotational Molding subsidiary provides manufacturers with a wide range of services from design and engineering to manufacturing of rotationally molded plastic products. The Plastic Professionals can exceed customer’s varied needs from high production volumes to short run high tolerance cosmetic parts. The Plastic Professionals manufactures all of the rotationally molded plastic products for the Connect-A-Dock product line.
To accommodate its growth, The Plastic Professionals is relocating its operations from Adair, Iowa to a new 220,000 square foot facility located in Atlantic, Iowa. This facility was formerly owned by Skyjack Equipment.
The Plastic Professionals Mold Building is a new operation that will also be housed in the new Atlantic facility. This group will design and build rotational molds to support the growth of The Plastic Professionals Rotational Molding business. In addition, this group will design and build molds for customers nationwide.
In 1999, SSI established an Employee Stock Ownership Plan, (ESOP), allowing employees to participate and share in the ownership of the company. “As Owner Revolution Inc. moves forward, involvement of the employees is a critical factor in continuing the growth, vitality and unique culture of our company”, states Mr. Aspengren. “When employees become owners and not just employees, the possibilities for the company are infinite.”
With its unique blend of employee ownership and customer focus, Owner Revolution Inc. welcomes the opportunity to present you its diverse range of quality services.
ABOUT OWNER REVOLUTION INC.
Owner Revolution Inc formerly Schafer Systems Inc. was founded to produce lottery ticket dispensers and point of purchase displays for the lottery industry in 1986. Owner Revolution has grown to nearly 90 employees working at its four wholly-owned subsidiaries in Adair and Atlantic, Iowa. In addition to its Schafer Systems lottery point-of-purchase products subsidiary, other subsidiaries include Connect-A-Dock a marine and sales organization producing floating docks and a two-person fishing boat, The Plastic Professionals Custom Rotational Molding and The Plastic Professionals Custom Mold Building operations. Owner Revolution Inc. has been employee-owned since 1999 and has received national recognition for its successful integration of employee ownership into its corporate culture. Owner Revolution Inc. has received numerous awards including the Nebraska/Iowa ESOP Association ESOP Company of the year in 2003, the National ESOP Association Communications Excellence award in 2002, and the Psychologically Healthy Workplace award from the Iowa Psychological Association in 2001 and 2002.