FOR IMMEDIATE RELEASE: 10/01/2021
Capital Forest Products
Capital Forest Products Now a 100% Employee-Owned Company
A new beginning to strengthen company culture and Capital Forest’s commitment of top-notch service to stakeholders
ANNAPOLIS, MD – October 1, 2021 – Capital Forest Products announces the finalization of its transition to a 100 percent employee-owned company, effective today. 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 percent employee ownership will help ensure the continuation of the company’s 40-year legacy of exceptional service and commitment to its customers, vendor partners, and employees.
Founder and President Michael Tichenor and the board of directors plan to maintain much of same structure and focus that have made Capital successful for decades, but now with even more passion and a shared interest in the company’s future.
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 more than 90 years of combined experience from its seasoned sales team and the dedication of its support staff, Capital is committed to providing outstanding commitment and service to its customers.
For more information about Capital Forest Products, visit www.CapitalForest.com.