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USA - Rochester Metal Forms ESOP.
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To maintain local ownership and plan for the long-term continuity of the business, Rochester Metal Products, Rochester, Ind., has announced the formation of an Employee Stock Ownership Plan (ESOP).
Under the plan, all management and office employees will earn stock in the privately held company through what is essentially a federally regulated retirement plan designed to invest in company stock.
All members of the present management team are committed to remain in their current positions and diligently work to maintain the same growth and success the company has experienced in the past.
Rochester Metal Products recently celebrated it’s 75th anniversary. The company has been a part of the casting industry since 1937, all under the ownership of the Kersey family.
Source: American Foundry Society - AFS
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