Folience named ESOP of the year
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 Acquires TravAlum Assets to Grow Cimarron Capacity
(Feb. 15, 2022 / Cedar Rapids, IA) – Folience, a Cedar Rapids-based ESOP-owned holding company, announced today that it has acquired the assets of TravAlum, an aluminum trailer manufacturer based in Manhattan, Kansas, to increase capacity for its Cimarron Trailers company. “Folience’s business model is to find successful companies with good cultures that are looking […]
Folience Acquires Cimarron Trailers
(Cedar Rapids, IA) – Folience, a Cedar Rapids-based ESOP-owned holding company, announced today that it has acquired Cimarron Trailers ®, an industry-leading aluminum trailer manufacturer based in Chickasha, Oklahoma. “Cimarron Trailers ® has everything we look for when bringing a new company into the Folience family,” said CEO Daniel Goldstein. “It is a successful company […]
Folience Acquires Life Line Emergency Vehicles
(Cedar Rapids, IA) – Folience, Inc., and Life Line Emergency Vehicles Inc. announced today that Folience is acquiring Life Line Emergency Vehicles (www.lifelineambulance.com). This will continue Life Line’s 32 year history producing superior quality emergency vehicles. This is also a commitment to the employees of Life Line, who will join Folience’s Employee Stock Ownership Plan […]