ANNAPOLIS, Md. — Capital Forest Products has announced the finalization of its transition to a 100% employee-owned company. The company first implemented an Employee Stock Ownership Plan (ESOP) in 2016. The ESOP annually allocates company shares to employees and provides them with an equity interest in the future growth and success of Capital Forest Products.
The most recent transition to 100% employee ownership will help ensure the continuation of the Capital Forest Products 40-year legacy of exceptional service and commitment to its customers, vendor partners, and employees, the company announced.
Founder and President Michael Tichenor and the board of directors plan to maintain much of same structure and focus at the company.
Capital Forest Products distributes products from building materials such as cedar shakes & shingles, roofing, siding, lumber, shed and outdoor utility building materials, fencing, flooring, seasonal products and more.