Industry News

Big News at MacPherson’s

stufrank2Stu and I have decided to sell 100% of the stock of MacPherson’s to our employees through an Employee Stock Ownership Trust. We plan to complete the transaction sometime during the month of December this year.

Our decision to make all of our employees equity holders in the Company is our recognition of the tremendous contribution they have made to our success. The decision also insures an ongoing continuity for the business not dependent upon Stu’s or my long term planning.

From an operating standpoint the ESOP decision should be completely transparent to our customers and vendors. Stu and I remain totally committed to the success of the Company and will be executing long term employment agreements as part of this process.

Although the paperwork is not yet complete we wanted you to hear the news first from us rather than through the grapevine. We appreciate your support both as vendors and as customers and are dedicated to providing you the same excellent performance that you have every right to expect of MacPherson’s.

We are proud to join the ranks of Golden and Artist & Craftsman Supply in this wonderful way to create a succession plan that allows our amazing and committed team to become owners of this fine company.

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