ESOP provides companies chance to maintain legacy

January 2011
Rubber & Plastics News;1/24/2011, Vol. 40 Issue 13, p8
Trade Publication
The article discusses the sale of Grand River Rubber & Plastics Co. Richard D. Selip and co-owner Joe Misinec decided to sell the company via an Employee Stock Option Plan (EPOS). It is stated that a number of manufacturers in the rubber industry have gone the ESOP route to ensure that its employees prosper even when they are not involved.


Related Articles

  • Grand River Rubber now employee owned. McNulty, Mike // Rubber & Plastics News;1/24/2011, Vol. 40 Issue 13, p1 

    The article reports that Grand River Rubber & Plastics Co. has been sold to the firm's 200 employees via an Employee Stock Option Plan. Co-owners Ric Selip and Joe Misinec officially signed off on the deal January 5, 2011 during a ceremony at the company's headquarters and 100,000-sq.-ft. plant...

  • Grand River Rubber acquires belt unit. McNulty, Mike // Rubber & Plastics News;9/9/2013, Vol. 43 Issue 3, p1 

    The article reports on the acquisition of the belting division of Icon Polymer Ltd. by belt, cut washer and tubular gasket manufacturer Grand River Rubber & Plastics Co. in 2013. Grand River president Richard Selip expresses that the acquisition aims to expand the operation and global reach of...

  • Working his way to the top. McNulty, Mike // Rubber & Plastics News;1/26/2015, Vol. 44 Issue 13, p0001 

    The article focuses on Donald Chaplin , the newly-appointed president of Ashtabula, Ohio-based manufacturer of flat belts, cut washers and tubular gaskets Grand River Rubber & Plastics Co. It mentions the success attained by Chaplin working in the firm since 1992 where he landed a position in...

  • Firms use varied approaches to cope. McNulty, Mike // Rubber & Plastics News;7/28/2008, Vol. 37 Issue 26, p11 

    The article focuses on the approaches used by three rubber product firms, WCCO Belting Inc., Grand River Rubber & Plastics Co. and Veyance Technologies Inc., to cope with the rising raw material, transportation and other costs. According to Thomas Shorma, president of WCCO, most of the company's...

  • R.L. Hudson's step into U.S. production looks like a good call.  // Rubber & Plastics News;11/27/2006, Vol. 36 Issue 9, p8 

    The article reports that the rubber and plastic goods designer and marketer R.L. Hudson & Co. has acquired the rubber manufacturer Grand River Rubber & Plastics Co. to set up its manufacturing base in the U.S. Grand River manufactures lathe-cut seals, extruded rubber products and drive belts.

  • Selling your Business to Employees. Marlon, Bradley G. // Enterprise/Salt Lake City;10/12/2009, Vol. 39 Issue 16, p15 

    The article offers guidelines on how a business owner should structure a transaction through an employee buyout. It outlines the advantages of selling a business to employees which include having the confidence about the buyers' understanding of the business and being informed about the...

  • Employee stock ownership plan can serve as exit tactic. Miller, Gary // Las Vegas Business Press (10712186);6/22/2015, Vol. 32 Issue 25, p6 

    The article focuses on strategy of selling business enterprises by founders through employee stock ownership plan (ESOP). Topics discussed include definition of ESOP as qualified retirement plan, working process of ESOP, tax benefits associated with selling of businesses by this process and...

  • Leaving the Business Affects Four Parties. Rowling, Sheryl // San Diego Business Journal;3/28/2005, Vol. 26 Issue 13, p50 

    Advises a small business owner planning to retire, on how to prepare and assure the jobs of his employees in the United States. Need to consider the needs of several parties; Option of selling the company to outside party; Consideration of employee stock ownership plan.

  • Employee-Owned. Rosso, Anne // Collector (0010082X);Jan2012, Vol. 77 Issue 6, p24 

    The article focuses on the significant financial and management advantages of selling companies across all industries to employees through an employee stock option plan (ESOP) in the U.S. It notes that ESOP is the most common form of employee business ownership wherein a business owner sells...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics