Father Prepares Son To Take Company’s Reins
“The family has a good reputation in the industry”, said Jim Preston, owner of Ferndale-based Meier Screw Products. “They are high-quality people, high-integrity people. I have referred people to them if a customer comes to me with a high-volume job.”
“Only about 15% of family owned companies survive the transition from the second generation to the third. J.C. Gibbons Manufacturing Inc., a precision machining company in Livonia, plans to be one of them.”
“The family has a good reputation in the industry”, said Jim Preston, owner of Ferndale-based Meier Screw Products. “They are high-quality people, high-integrity people. I have referred people to them if a customer comes to me with a high-volume job.”
“Only about 15% of family owned companies survive the transition from the second generation to the third. J.C. Gibbons Manufacturing Inc., a precision machining company in Livonia, plans to be one of them.”
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