Waterford, Conn.-based Defender Industries gave cash awards to its employees last week for its continued success in 2008.
Despite the economy and decline in the marine industry overall, the family-owned marine outfitter and catalog retailer achieved a record-breaking 2008, with sales growth of 11.3 percent, the company announced.
“Defender’s Success & Profit Sharing Program rewards all our employees proportionately for their individual and collective contributions to our success,” said vice president and co-owner Stephan Lance, in a statement. “They deserve to be rewarded for the phenomenal work everyone does each day that is responsible for our record sales and overall success.”
This is the third consecutive year the company has shared profits with staff. Defender increased staffing levels during 2008 to support the increased volume and maintain service levels, and is hiring again to support the continued growth, the company said.