Having trouble receiving FOX 17? Click here:

Ludington company hands out $4M in Christmas bonuses

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

LUDINGTON, Mich. – A family-owned Michigan company gave employees a really nice Christmas bonus.

The owner and Chairman of FloraCraft in Ludington announced at the company Christmas party on Friday that he’ll be sharing nearly $4 million with full-time employees. Each gift will be based on how long the employee has been with the company and will come as both a cash bonus and a gift to the employee’s 401k account.

Lee Schoenherr, owner of FloraCraft. Photo provided by FloraCraft

The top gifts, for employees with over 40 years of experience, will get more than $60,000, according to the company.

FloraCraft has about 200 employees and is the world’s leading manufacturer of foam products for crafts and the floral industries. They produce goods sold to Walmart, Amazon, Michaels, Hobby Lobby and more.

Schoenherr says in a press release that this does not mean he’s exiting or selling the business.

“I love what I do and am committed to maintaining the independence of FloraCraft.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.