Three Employees Buy Awning Maker Zip Dee
High-end awning manufacturer Zip Dee Inc., Elk Grove Village, Ill., has been sold to a trio of long-time employees.
"It was not an ESOP, but a straight buyout by a group of employees," said former Zip Dee President Bob Miller, son-in-law of Zip Dee's late owner, Henry Duda, who founded the company in 1965.
Miller became Zip Dee president upon Duda's death in 1985.
New Zip Dee owners are President Jim Webb and vice presidents Ron Mullins and Ursula Kaceynski – all of whom have worked for the company for more than 20 years. "We will do the best we can to continue to serve the RV industry," said Webb. "We intend to continue to make top quality products.
"We are a family-type operation, and the three of us didn't want to see the family broken up. So we bought the company."
The selling price was not disclosed.
The company was founded by Duda after he made an awning for his own Airstream travel trailer and found other RVers who wanted one for themselves.
Miller said he and his wife, Judy, have been thinking about selling the company for three or four years.
"I wanted our employees to continue to have some place to work, and I didn't want the product to change either," Miller said. "That's what makes this so good."
Zip Dee manufactures awnings, folding chairs, tire shades and screen enclosures for both the aftermarket and OEMs.