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Hard work by employee owners pays off

WEST SPRINGFIELD, MASS.,–This week, Atlantic Fasteners held meetings for its employee owners to discuss fiscal year results and the firm’s stock price as determined by an independent evaluation firm.

100% Employee owned

100% Employee owned

Employees were pleased to find that their ESOP (Employee Stock Ownership Plan) accounts increased by 45% of their total earnings for the year.

President Tony Peterson noted, “Being an ESOP gives all of us a stake in the success of Atlantic and provides a great retirement benefit above and beyond our 401k plan.”

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