Components manufacturer marks its 60th anniversary with a transition to employee stock ownership plan
McElroy Metal, a family-owned components manufacturer headquartered in Bossier City, La., with 14 manufacturing facilities nationwide, recently announced a structural equity change that should make its employees happy by transitioning to an employee stock ownership plan [ESOP].
Founded in 1963, McElroy Metal has served the construction industry and extended the company’s market reach from its headquarters in the Shreveport, La., metropolitan area to now include 27 service centers and 45 Metal Mart locations nationwide.