Henschel-Steinau, Inc., a premier designer and manufacturer of in-store displays and merchandising, recently announced that the 49-year-old firm has been sold to a group of eleven employee investors. The announcement was made today by H. Aaron Henschel, Henschel-Steinau President/CEO.
“Many of the employees who have helped make Henschel-Steinau one of the most respected names in the point-of-purchase advertising industry now hold a piece of equity in the company, ensuring that the organization will continue to thrive and grow for the next fifty years and beyond,” said Henschel in making the announcement today. “The group of eleven employees, who now own shares of the company, represents a wide range of expertise from sales to design and production.”
Effective immediately, Gary Forman has been named president/CEO of Henschel-Steinau. Forman, who joined Henschel-Steinau more than 35 years ago, was most recently executive VP of sales and resides in New City, N.Y.
Michael Luberto has been named Executive VP of creative services. Luberto joined the firm more than 25 years ago in the design department and was most recently VP/creative director.
Effective with the sale, Henschel will step down as president/CEO, a position he’s held since 1970 to consult on strategic business-development initiatives including the growth of the successful patent-pending EZ Load shelf-management system.