Oh, the Humanity of Acquisitions
When the deal is finalized, the newly developed strategic plan is implemented by human resources, which could involve a team or a single individual depending on the size of the acquisition and the number of facilities. The transitions have been very smooth for the most part, but difficulties can develop if paperwork has not been properly maintained by the company being acquired. In one case, improperly kept retirement plan records had tax implications that could have caused serious problems after the completion of the deal. “All issues were identified prior to closing. The proper paperwork was completed and now the legal guidelines are being adhered to,” explained Osterloh. “At the end of the day, these employees are better off since the acquisition is part of a more stable company.”
- Companies:
- Ennis, Inc.