On Friday, Chris Hart, the President and CEO of Central Moloney announced that the company was being sold to Wind Point Partners, a Chicago based investment firm and that some of the current employees who own stock in the company will be paid for their shares.
Appearing on the Oldies 1013 morning show, Hart explained that not all the employees participate in the stock ownership.
Hart went on to say that the deal and package for the sale are done and ballots have ben sent to eligible employees who must approve the sale. Those ballots will be returned to a third-party, an independent trustee who knows what has to be done.
Morning show Host Greg Horne told Hart that people who have worked for Central Moloney for long periods of time are going to be receiving checks that will be a lot more than just a normal paycheck and Hart responded this way.
Hart also confirmed that he will remain President and CEO of the company after it is acquired by Wind Point Partners.
