From Louisiana comes a feel good business story about loyalty, long term vision, and sharing success. Graham Walker, CEO of Fibrebond, recently completed the sale of the family owned company and made sure the people who helped build it were rewarded in a life changing way.
As part of the $1.7 billion sale of Fibrebond to smart power company Eaton, Walker included a clause that set aside 15 percent of the sale price to be paid out as bonuses to employees over five years. That decision will distribute a total of $240 million to 540 workers, with each employee receiving about $443,000, according to the Wall Street Journal.
“I hope I’m 80 years old and get an email about how it’s impacted someone,” Walker said.
Fibrebond was founded in 1982 by Walker’s father, Claud, and survived major challenges over the decades, including a devastating fire and the dot com bust. In the mid 2000s, Graham and his brother took over leadership, and in 2020 began investing heavily in materials and expertise to build data center modules. That move gave the company an early advantage in a rapidly growing market.
Today, Fibrebond reports more than 51,000 modules deployed across projects nationwide, making it the leading U.S. manufacturer of complex electrical modules used in data centers.
After the sale, Walker wrote an emotional letter to employees, reflecting on the company’s 43 year journey and the shared effort behind its success. He said the family had made a commitment that everyone would win together.
Employees told the Wall Street Journal the announcement was met with shock and tears, with many planning to use the money to pay off student loans, prepare for retirement, or finally take a vacation.
“It was surreal, it was like telling people they won the lottery,” said Fibrebond executive Hector Moreno. “There was absolute shock.”
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