by Brianna Crandall — May 14, 2021 — The Garland Company, a provider of high-performance roofing and building envelope solutions for the commercial, industrial and institutional markets, was recently named The ESOP Association Company of the Year for the Ohio/Kentucky Chapter, recognizing the company’s strong commitment to employee ownership.
The award is given annually to a company that demonstrates clear communication with its employees and a commitment to the ESOP Association’s vision of endorsing employee participation, wealth creation, and individual dignity and worth. Garland is now qualified for the National ESOP Company of the Year competition, which will be held June 21, 2021, in Washington, DC.
Garland initiated its Employee Stock Ownership Plan (ESOP) in 1985 and became 100% employee-owned in 2004. The company’s stock value has reportedly grown an average of 19.2% over the last decade, and its average employee balance ranks in the top five of the country’s ESOP companies with over 250 employees.