On behalf of the Michael family, Tim and Ronny Michael, owners of Jemasco, have announced the sale of their company to a U.S. private equity firm.
Tim Michael is to stay on for at least one year as president and general manager, and Ronny Michael as operations manager throughout the transition period. Other family members will be staying on as well to assist in daily management operations. The company is to remain located in Paris and will continue to operate under the trademark name âJemasco,â which stands for J.E. Michael and Sons Company. There are to be no changes in operations, and all current employees will retain their positions.