— Event will showcase success of employee ownership and celebrate the United Nations International Year of Co-operatives —

Co-operative Development Scotland and Woollard & Henry are hosting a special event at Stoneywood Park, Dyce, on Friday 7 September to mark the company’s tenth anniversary of employee ownership.

Woollard & Henry was founded in 1878 and has over 130 years experience as a provider of papermarking products such as the dandy roll* and associated watermarking systems.

At the event Fred Bowden from Woollard & Henry will explain how employee ownership has helped shape a decade of success for his company in the face of declining market conditions.

Sarah Deas, chief executive, Co-operative Development Scotland, will also provide an overview of employee ownershipand how it sustains businesses in their local communities.

The event will also be attended by prominent politicians including Sir Malcolm Bruce MP, Richard Baker MSP, Mark McDonald MSP and Brian Adam MSP.

The free event will take place at Stoneywood Park, Dyce, from 11.00am. The event will include a presentation, tour of Woollard & Henry’s factory, discussion and a lunch. For further details go to: www.scottish-enterprise.com/cdsevents

This is the fifth in a series of Co-operative Development Scotland-organised visits to successful employee owned businesses taking place across Scotland in 2012.

Two more will follow later this year: 5 November at John Lewis in Edinburgh and 16 November at Tullis Russell in Glenrothes.

There are over 550 co-operative businesses in Scotland with a combined turnover of more than £4bn and employing 28,600 people.

An employee owned business is one in which the employees hold the majority of the shares either directly or through an employee benefit trust. It gives employees a meaningful stake in their organisation together with a genuine say in how it is run.