TORRANCE, CA-The Klabin Company/CORFAC International enters its 54th year in 2014 under new ownership after five veteran firm principals acquired the company from founder Stuart Klabin.

The new ownership arrangement was announced by David Prior, president and shareholder.

The new shareholders of Klabin/CORFAC, in addition to Prior, are Todd Taugner, David Grote, Ronald Rader, and Doug Marshall. The new owners average 24 years experience in commercial real estate.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.