Clients in the News: Folience is named The ESOP Association’s ESOP Company of the year
May 6, 2022
We extend our congratulations to the Folience team for this award. Earlier this year, they received the ESOP Association’s Iowa-Nebraska chapter company award as well. “The company went through a radical transformation in 2016 with a change of structure, focus, mission and brand to emerge on Jan. 1, 2017, under the name Folience,” the company said in a news release Thursday.
Cedar Rapids-based Folience, The Gazette’s parent company, received the ESOP Association’s National 2022 Employee-Owned Company of the Year award Thursday in Washington, D.C. Folience’s employee stock ownership plan was started in 1986 and the ESOP became 100 percent owner of the company in 2012. Read more here.