California Drywall Announces Transition to 100 Percent Employee Stock Ownership Plan
California Drywall announced a significant milestone in the company’s history. Effective Aug. 14, California Drywall transitioned to a 100 percent Employee Stock Ownership Plan, ensuring a bright and sustainable future for the company and its dedicated employees.
The decision to transition to an ESOP comes as part of California Drywall’s long-term strategic planning, aimed at fostering a strong sense of ownership, dedication and commitment among its workforce. By providing employees with a stake in the company’s success, California Drywall aims to further enhance its already exceptional performance and expand its position in the market.