"Business Restructuring Plan Template - PDF"
The Officers and Shareholders of Reed City Power Line Supply Company are excited to announce a corporate restructuring plan aimed at improving customer service and ensure the flexibility required to align ourselves in the dynamic utility marketplace. Our Mission Statement includes, “to remain 100% utility focused”. This reorganization effort supports our continued commitment to fulfilling that mission. For over 50 years our business partners have become familiar with our family of companies; the Reed City Power Line Supply Company; The Hydaker Wheatlake Co. and Hydrolake Leasing and Service Co. With geographic growth and diversification of services in all facets of our corporate family, it is important that we have a corporate structure in place that supports the future direction of the utility industry. Beginning January 1, 2008, our holding company will become Utility Supply and Construction Company; the wholly owned subsidiaries will be Power Line Supply Company, The Hydaker Wheatlake Company and Hydrolake, Inc. Please note that there is no change in ownership and the existing Senior Management Team will continue to be the nucleus that drives our organization. This reorganization will allow us to better leverage and align the strengths and diversity of our entire corporate group. We will remain committed to the utility industry by continuing to provide the widest array of specialized services and the highest quality products. Should you desire additional information, please feel free to contact myself or anyone within our organization. During the first quarter of 2008 we plan to communicate the milestones and benefits of this reorganization. Our goal is simple; we will ensure our business partners understand the multitude of services Utility Supply and Construction Company can provide, while reaffirming our commitment to excellence. Sincerely, FC Wheatlake CEO & Chairman