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Lawrence Fabric implements ESOP
October 22nd, 2015
Lawrence Fabric & Metal Structures Inc., St. Louis, Mo., has implemented an Employee Stock Ownership Plan (ESOP) and is now owned by its employees. First named Lawrence Canvas Products, the company was formed by Art and Dorothy Lawrence in 1941 and sold to Bob Helmsing in 1977. In 1984, Jerry Grimaud, the company’s ninth employee, […]