Benjamin Obdyke Announces Transition to ESOP-Controlled Concern
Moisture products manufacturer announces ESOP move to ensure “long-term” success
Benjamin Obdyke, a pioneering supplier of roofing and other building envelope construction products, announced on June 13 that the company would transition to an Employee Stock Ownership Plan-owned concern in a move it says solidifies commitment to long-term success.
The company, founded in 1868, first introduced many now-commonplace products to the market, including the first roofing ridge vent on a roll, the first wood roofing underlayment and the first rolled product to provide drainage and airflow in rainscreen wall assemblies.