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Employees given $500-$50K after Mich. factories sell

Associated Press

Grand Rapids – — The former owner of two western Michigan factories has shared profits of their sale with employees through bonuses ranging from $500 to $50,000.

J.C. Huizenga sold his Holland-based company, J.R. Automation, and its Stevensville-based sister company, Dane Systems, to an investment firm last month.

He tells The Grand Rapids Press that his parent company, Huizenga Automation Group, gave thank-you bonuses to the factories’ employees after the sale. He says new employees received $500, while those who worked for the company the longest were given more than $50,000.

Huizenga says his goal in business is to create wealth and share it, so he felt it was the right thing to do.

The surprise bonuses were awarded to 570 employees and added up to $5.75 million.