McElroy Metal Announces Employee Stock Ownership Plan
Adding to a continuing trend in the manufacturing and prefabrication industries, McElroy Metal moves to an employee ownership plan
In the midst of celebrating its 60th anniversary, McElroy Metal announced the transition to an employee stock ownership plan (ESOP).
Company president Ian McElroy recently shared, “The one constant trait during our 60-year history is the influence and support of employees. Throughout the country, McElroy Metal is blessed to have loyal employees, including many that have dedicated decades of service to the company. As a show of appreciation to those employees, I am proud to announce McElroy Metal has transitioned into an ESOP company. McElroy Metal employees are now employee owners of McElroy Metal.”
McElroy continued, “McElroy Metal customers have also been a critical element to our success. We appreciate their continued support and business and look forward to a bright future together.”
While the ESOP represents a change of ownership, there is no change in management or leadership. Ian McElroy will continue to serve as the president of McElroy Metal.
About McElroy Metal
Since 1963, McElroy Metal has served the construction industry with quality products and excellent customer service. The family-owned components manufacturer is headquartered in Bossier City, La., and has 14 manufacturing facilities across the United States. Quality, service and performance have been the cornerstone of McElroy Metal’s business philosophy and have contributed to the success of the company through the years. As a preferred service provider, these values will continue to be at the forefront of McElroy Metal’s model along with a strong focus on the customer. More information can be found at https://www.mcelroymetal.com.
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