Capital Forest Products Now a 100% Employee-Owned Company
ANNAPOLIS, MD - October 1, 2021 - Capital Forest Products announces the finalization of its transition to a 100 percent employee-owned company, effective today. Implementing an employee stock ownership plan (ESOP) grants company shares to each of its current and future employees and provides a positive organizational shift to strengthen Capital Forest's core values and commitment to its stakeholders.
The transition to employee ownership will ensure longevity for the company and will place in the hands of its employees the continuation of a 40-year legacy of exceptional service and commitment to its customers, vendor partners, and employees.
The company's shareholder employees, newly appointed board of directors, and Found and President Michael Tichenor plan to maintain much of same structure and day-to-day operations that have made Capital what has been for decades, but with a reinvigorated passion and vested common interest in the future success and profitability of the company.
###
About Capital Forest Products
For 40 years Capital Forest Products has remained a leading distributor of products from premium vendors to the building materials industry: cedar shakes & shingles, roofing, siding, lumber, shed and outdoor utility building materials, fencing, flooring, seasonal products and more. With decades of combined experience from its seasoned sales team and the dedication of its support staff, Capital is committed to providing outstanding partnership and service to its customers. For more information about Capital Forest Products, visit www.CapitalForest.com.
Contact
Capital Forest Products
Alissa Pruitt
800-255-3405
marketing@capitalforest.com