GOSHEN, Ind. -- The owners of a Goshen-based food distributor say they plan to sell the company to its 280 employees rather than risk selling it to a company that might move it.
The Goshen News reports that Becky and Paris Ball-Miller will sell the company to its employees over the next 10 years. The Ball-Millers plan to continue to manage the company during that time.
The Ball-Millers said that to prepare for the change they have hired experts to guide them through the process and to make sure Internal Revenue Service requirements are followed.
The Ball-Millers have owned the company for 15 years. The company also has facilities in Evansville, Grandview and Bloomington
if only more businesses acted like this... why, i think i'd like to support this company! what did you say they were called?
oh, the story doesn't bother to mention the company's name? i guess they didn't figure that detail was very important.
i suppose if you really must know, you could check the goshen news, which identifies the company as troyer foods. you know, if you care about such trifling matters as identifying the subject of your news story. ¶
2 comments:
In fact, a few years ago there was a similar story out of Salem in washington county. A manufacturing plant was due to close and a man who was employed there, and his wife, figured out how to purchase the plant on behalf of the employees to keep the jobs in the town. As far as I know it is still the success it was when I first heard of it in about 1995.
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