Columbia Chemical , one of the world’s largest manufacturers of zinc and zinc-alloy plating additives, is now 100% employee owned.Bill Rosenberg, Jr., previous owner and current chairman, recently concluded a deal with Columbia Chemical's ESOP (Employee Stock Ownership Plan) Trust to sell his remaining 70% stake in the company. The transaction was administered by the law firm of Steiker, Fischer, Edwards and Greenapple, P.C. along with SES Advisors. This completes the transition of ownership from Rosenberg to the employees, which began in 2005. “It is an exciting event for the employees, and will provide for continued stability and independence”, said Brett Larick, president, Columbia Chemical. “The move will allow us to remain an independent company, free from the bureaucracy and red tape associated with the giant plating supply conglomerates. We will continue to be nimble and responsive to our customers and partners around the world.”
For more information, contact Columbia Chemical Corporation, 1000 Western Drive, Brunswick, OH 44212, 330/225-3200, www.columbiachemical.com.
