One ESOP Company Acquires Another

In a story we at the NCEO hear surprisingly often, ESOP-owned Parksite is acquiring ESOP-owned Atlantic Plywood Corp., both of which are in industrial wood products. In the January announcement, Atlantic Plywood President Paul Vella said, "Atlantic Plywood and Parksite are in the same industry, with adjacent categories, so combined with the tremendous culture an ESOP provides for the employee-owners of both organizations, the opportunity for industry crossover will be very intriguing in the future."