Former Fibrebond owner Graham Walker has given $240 million to the company's 540 employees as part of the business sale for $1.7 billion.
The Louisiana-based manufacturer completed the transaction with the payout serving as a required condition of the deal. Each full-time worker received an average of $443,000, with payments spread over five years and older staff members receiving funds first.
Walker, who previously owned the firm, structured the bonuses to recognize long-term contributions from the workforce. The distribution rewards decades of service at the factory.
The sale and associated employee rewards have drawn attention for their scale and direct impact on recipients.
