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

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.”