RPCS LOOKS FOR ADVANTAGES OF EMPLOYEE OWNERSHIP

SPRINGFIELD, Mo. -- RPCS, parent company of Ramey, Price Cutter and Smitty's supermarkets here, is hoping that its new status as an employee-owned company will help it reduce waste and boost customer service.The 32-store chain became 100% employee-owned on Jan. 1 when it was acquired from Roswil, the Washington, D.C.-based investment company that had owned it since 1967, and adopted an employee stock-ownership

SPRINGFIELD, Mo. -- RPCS, parent company of Ramey, Price Cutter and Smitty's supermarkets here, is hoping that its new status as an employee-owned company will help it reduce waste and boost customer service.

The 32-store chain became 100% employee-owned on Jan. 1 when it was acquired from Roswil, the Washington, D.C.-based investment company that had owned it since 1967, and adopted an employee stock-ownership plan, or ESOP, that gave associates a stake in the company.

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