Avid Products
Branded Products; Audio & Video Equipment
AVID Products is a 100% employee-owned company that manufactures audio products, headquartered in Middleton, Rhode Island. Founded in 1953 by Robert C. Allen, AVID embarked on its journey with a mission to pioneer and develop audio products for both home and commercial use. The company is aptly named for its initial focus on Audio Visual Instructional Devices. In 1961, AVID marked a milestone collaboration with TWA, leading to the development of the world's first in-flight pneumatic headphones, setting new standards in airline entertainment. This landmark achievement paved the way for AVID to supply in-flight entertainment headphones to an impressive 97% of the world's airlines. Since then, AVID has expanded to develop audio products, comfort items, entertainment accessories, and service solutions to six markets, education, healthcare, fitness, recreation, hospitality, and travel. Today, their products can be purchased at certified resellers or from AVID directly.
In 2013, AVID Products became employee-owned when they implemented an Employee Stock Ownership Plan (ESOP). The ownership culture at AVID is guided by their core values of expertise, collaboration, empowerment, and ingenuity. Employee owners work together to make the company successful, while enhancing their customer experience. As owners, employees share in the company’s successes, benefiting from their collective hard work. This provides motivation for employees to do their best work.
Avid Products is an employee-owned company headquartered in Middletown, Rhode Island.
Avid Products is an employee-owned company.
While they are not certified, based on Department of Labor 5500 fillings and other third-party data sources, we believe their ESOP meets our standards of significant and broad-based employee ownership.
While they are not certified, based third-party data sources, we believe their Worker Cooperative meets our standards of significant and broad-based employee ownership.
While they are not certified, based third-party data sources, we believe their Employee Ownership Trust meets our standards of significant and broad-based employee ownership.
While they are not certified, we believe they meet our standards of significant and broad-based employee ownership.