The Garland Company, Inc. a manufacturer of high-performance roofing and building envelope solutions for the commercial, industrial and institutional markets, has been named ESOP Association Company of the Year.
The ESOP Association Company of the Year award is given annually to a company that demonstrates clear communication with its employees and a commitment to the 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 in Washington, D.C.
Garland initiated its ESOP in 1985 and became 100% employee-owned in 2004. The company’s stock value has grown an average of 19.2% over the last decade. Its average employee balance ranks in the top five of the country’s ESOP companies with over 250 employees.
Garland promotes employee ownership through numerous initiatives, including quarterly town hall meetings with the president and innovation competitions that encourage employees to drive growth by developing new products and processes.