Louisiana
Fibrebond employees get $240M in bonuses as part of billion-dollar sale of north LA company
Christmas came early for the employees of Minden’s Fibrebond.
This spring, the family-owned company that got its start in 1982 sold for $1.4 billion to Eaton, a multinational corporation headquartered in Dublin, Ireland.
The Shreveport-Bossier City Advocate has confirmed that an important part of the deal was bonuses for Fibrebond’s 540 employees.
Fifteen percent of the company’s sales proceeds were to go to Fibrebond employees.
As employees are told of their bonuses, courtesy Fibrebond’s sales agreement with Eaton.
The bonuses varied depending on the length of employment, but according to The Wall Street Journal, the average bonus was $443,000 to be paid over five years as long as the employees continued working for that time.
The WSJ says employees with more seniority received even more.
When the Shreveport Bossier Advocate asked about the bonuses, Eaton responded, “As a general practice, we do not discuss the terms of our M&A transactions. However, for the Fibrebond acquisition specifically, we came to an agreement with this second-generation, family-owned business that honors their commitments to their employees and the community.”
Graham Walker, president and CEO of Fibrebond, speaks during a event to announce an expansion by the company at its site in Minden, La., Thursday, April 18, 2024.
“Close to a quarter-billion dollars in employees’ hands felt fair,” Graham Walker, former Fibrebond CEO, told the Journal.
According to the WSJ, employees began receiving their bonuses in June. They have paid for homes, opened businesses, taken trips, paid college tuition and added to retirement accounts.
“Some spent it on day one, maybe even night number one,” said Walker. “Ultimately, it’s their decision good or bad.”
NEW ORLEANS (WVUE) – A driver died from a gunshot wound after a Louisiana State Police car chase in New Orleans Saturday evening (June 20), but troopers say they did not fire the gun.
Troop NOLA confirmed the car chase ended near Franklin Avenue and North Miro Street Saturday. Troopers said they found the driver shot and brought them to the hospital, where that person died.
The driver’s identity has not been released.
A Troop NOLA spokesperson said he could not confirm if anyone else was in the car, if anyone has been arrested, or if troopers found a gun.
A spokesperson said more details will be released as a state police force investigation continues.
Troop NOLA is a special investigation unit tasked with proactive policing, traffic enforcement and crime reduction.
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MONROE, La. (KNOE) – Shelby Bordelon of Iberville Parish was crowned Miss Louisiana 2026 Saturday night in Monroe, earning the title and a $15,000 scholarship. Bordelon, a graduate student at Southeastern Louisiana University, said the role is about more than pageantry, emphasizing the yearlong service mission tied to the crown.
“Part of the mission of this organization is the service behind it,” Bordelon said. “And the service is so important, you are serving your state for a year… having the opportunities to connect with others… to continue making an impact and leaving my mark on others as well.”
Bordelon, who finished first runner-up in last year’s competition, said the moment her name was called as the winner still hasn’t fully sunk in.
“It was every emotion you could think of that was running through my mind at that moment,” she said, adding she focused on preparation and perspective this year. “I really wanted to go into this year with no regrets… just really trusting in that mindset and that plan.”
Bordelon said she hopes to use her platform to raise awareness for her nonprofit, Claire’s Promise, which focuses on combating drunk driving.
You can learn more about the nonprofit here. She will now represent Louisiana at the Miss America Pageant, which begins in late August in West Palm Beach, Florida.
Copyright 2026 KNOE. All rights reserved.
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