KKR, Minnesota Rubber & Plastics Celebrate the Power of Employee Ownership

This video presents the moment when employee-owners of KKR portfolio company Minnesota Rubber and Plastics learn the details of their payout from the sale of the company. In October 2022, KKR completed the sale of Minnesota Rubber and Plastics, a leading provider of materials science-based elastomer and thermoplastic solutions. All of MRP’s more than 1,450 employees across six countries and four U.S. states, including hourly manufacturing production, technical and administrative employees, received substantial cash payouts in connection with the closing as a result of the employee ownership plan KKR implemented in 2018. Topics covered: • The impact of employee ownership • The announcement of payouts to Minnesota Rubber and Plastics employees • KKR’s approach to employee ownership • The impact of employee ownership on the entire company • The reactions to the payouts by employees Learn more about KKR’s approach to broad-based employee ownership at https://www.kkr.com/approach/ownershi... Learn more about Minnesota Rubber and Plastic’s employee ownership experience at https://www.kkr.com/approach/shared-s... 0:00 – An exclamation point on a journey 0:46 – The impact of ownership on employees 1:25 – Announcing employee pay awards 2:23 – MRP employees react to receiving payouts 🔷 Connect with KKR online… Visit our official site for information about our business, thought leadership content, and more: https://go.kkr.com/45Aaqf5 Subscribe to the KKR YouTube channel:    / @kohlbergkravisroberts   LinkedIn:   / kkr   X:   / kkr_co