GOSHEN, Ind. (AP) — The owners of a Goshen-based food distributor say they plan to sell the company to its 280 employees rather than risk selling it to a company that might move it.
The Goshen News reports that Becky and Paris Ball-Miller will sell the company to its employees over the next 10 years. The Ball-Millers plan to continue to manage the company during that time.
The Ball-Millers said that to prepare for the change they have hired experts to guide them through the process and to make sure Internal Revenue Service requirements are followed.
The Ball-Millers have owned the company for 15 years. The company also has facilities in Evansville, Grandview and Bloomington
Information from: The Goshen News, http://www.goshennews.com