WESTLAKE VILLAGE, California, US - June 2011 - Chatsworth
Products, Inc. (CPI), a global manufacturer providing voice, data
and security products and service solutions that optimize, store
and secure technology equipment is celebrating 20 years of employee
ownership June 27th, 2011. Celebrations were held on June 24th,
2011 to recognize and reflect on the achievements and successes of
CPI over the past 20 years.
The exciting 20 year anniversary marks over 1,000% sales growth
since inception, an unparalleled increase in product offerings and
selection, as well as CPI's strong international presence in
multiple regions all over the world.
Chatsworth Products, Inc. began as a result of a buyout from a
Fortune 500 company when the original employees came together to
purchase the operation, adopting an Employee Stock Ownership Plan
(ESOP) in the process. As a result, on June 27, 1991 Chatsworth
Products, Inc. began new life as a 100% employee owned
Through its Employee Stock Ownership Plan (ESOP) structure, all
employees of CPI become beneficial owners. Such ownership, combined
with CPI's inclusive and participatory culture, motivates employees
to think and act like owners, creating a strong commitment to the
attainment of an ultimate and core purpose: delighting the
CPI adapted to employee ownership with such ease that just two
years after inception, the California Chapter of the ESOP
Association recognized CPI as the ESOP Company of the Year. CPI was
again so honored in 2008.
As CPI prepares to enter its third decade as an ESOP company,
employees reflect with a sense of gratitude and pride at the
success and growth that has been experienced during their first two
decades. Fueled by employee ownership, CPI has grown from a single
location serving the domestic U.S. market to a global company
serving multi-national and international customers from locations
in Westlake Village and Chatsworth, Calif; Georgetown, Texas; New
Bern, N.C.; Mexico City, Mexico, Buckinghamshire, England; Pudong,
Shanghai, China; and Dubai, United Arab Emirates.
CPI's continued success is directly attributed to the effort put
forth by each and every employee-owner. CPI's pride of ownership
and mutual trust and respect felt for one another is reflected in
the company's motto: We're All in This Together.