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.”
NEWTON COUNTY, Texas. (KPLC) – A DeRidder man reported missing was found dead in the Sabine River Sunday morning, according to the Newton County Sheriff’s Office.
Newton County Sheriff Colton Havard said Jordan Jamal Allen was located around 7:50 a.m. on July 12 with help from Texas Parks and Wildlife game wardens, the Beauregard Parish Sheriff’s Office, and 409 Search and Rescue.
Authorities say the body was recovered not far from where Allen went under Friday night near the U.S. 190 bridge east of Bon Wier at the Texas-Louisiana state line.
The sheriff said that Allen and a woman were said to be wading across the river Friday when the current began pulling the woman.
The sheriff said Allen tried to help her, but went under around 8:45 p.m. and wasn’t seen again. He said the woman made it back to land safely.
We will have more in this story as it develops.
Copyright 2026 KPLC. All rights reserved.
MONDAY
RED STICK FLY FISHERS PROGRAM: 7 p.m., Bluebonnet Regional Library, 9200 Bluebonnet Blvd., Baton Rouge. Open to the public. Email Brian Roberts: roberts.brian84@gmail.com. Website: rsff.org
WEDNESDAY
FLIES & FLIGHTS: 7-9 p.m, Rally Cap Brewing, 11212 Pennywood Ave., Baton Rouge. Casual fly tying. Open to public. Email Chris Williams: thefatfingeredflytyer@gmail.com
THURSDAY
ACADIANA FLY RODDERS PROGRAM: 6 p.m., Pack and Paddle, 601 E. Pinhook, Lafayette. Open to public. Email Darin Lee: at cbrsandcdc@gmail.com. Website: acadianaflyrodders.org
FRIENDS OF NRA/SOUTHWEST LA BANQUET: 6 p.m., Riverside Bar & Grill, 3748 Louisiana 3059, Lake Charles. Call Brack Cole 337-912-1620. Email: jbcoleair@yahoo.com
ONGOING
STATEWIDE TOURNAMENT & ANGLERS RODEO/S.T.A.R.: Through Sept. 7, Coastal Conservation Association’s summer-long fishing event. Tagged redfish, coastal/offshore species categories & youth division. CCA membership required. Website: ccalouisiana.com/star
LOTTERY HUNTS
DOVE/TEAL: July 27 application deadline for dove hunt on Elbow Slough Wildlife Management Area and teal hunt on White Lake Wetlands Conservation Area. Website applications only on Wildlife & Fisheries/Louisiana Outdoors License, Permits and Tags webpage. Fee $8.50. Details: dove hunt, David Hayden at dhayden@wlf.la.gov; teal hunt, Lance Ardoin at lardoin@wlf.la.gov
AROUND THE CORNER
JULY 21 — LAFAYETTE KAYAK FISHING CLUB MEETING: 6 p.m., Pack and Paddle, 601 E. Pinhook, Lafayette. Call 337-232-5854. Website: lafayettekayakfishing.com
JULY 21-22 — GULF COUNCIL SHRIMP COMMITTEE MEETING: Gulf Council office, 4107 W. Spruce St., Tampa, Florida. In conjunction with Scientific and Statistical committees. Website: gulfcouncil.org
JULY 23 — ACADIANA BUGS & BREWS: 6 p.m., Pack and Paddle, 601 E. Pinhook, Lafayette. Casual fly tying and local beers provided. Open to the public. Email Darin Lee: cbrsandcdc@gmail.com. Website: packpaddle.com
JULY 23-25 — International Grand Isle Tarpon Rodeo, Grand Isle Marina & Otto Candies Pavilion, Grand Isle. Website: tarponrodeo.org
JULY 24-25—BASSMASTER JUNIOR CHAMPIONSHIP: Kentucky Lake, Paris, Tennessee. Website: bassmaster.com
JULY 26 — SOUTH LOUISIANA HIGHPOWER CLUB MATCH: 8:30 a.m., Ascension Parish Sheriff’s Range, St. Landry Road, Gonzales. NRA XTC & F-Class match rifle or service rifle, 200-yard/50-rounds match course. Fee $15 members, $20 nonmembers, $5 juniors. $25 annual club (first match free) and Civilian Marksmanship Program membership (allows purchases from CMP). Call Mike Burke, 337-380-8120. Email: SouthLAHighPower@hotmail.com
FISHING/SHRIMPING
SHRIMP: Spring inshore season closed except for Breton/Chandeleur sounds; all outside waters open.
OPEN RECREATIONAL SEASONS: Private recreational red snapper; gray triggerfish; flounder; lane, blackfin, queen and silk snappers and wenchmen among other snapper species; all groupers except closed for goliath and Nassau groupers in state/federal waters.
CLOSED SEASONS: Greater amberjack; bluefin tuna; gag, goliath and Nassau groupers in state/federal waters. Commercial greater amberjack season closed.
LDWF UPDATES
Closed: Roads on Pomme de Terre, Richard Yancey & Bogue Chitto WMAs (flooding)
Drawdowns: Saline Lake (Natchitoches/Winn parishes through Oct. 5); Iatt Lake (Grant Parish through Oct. 5).
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