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Hallmark Building Supplies, Inc. Completes Sale to Employee Stock Ownership Plan (ESOP)
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Company Now 100% Employee Owned
This allows us to maintain our culture, keep our leadership team in place and provide an opportunity for our new fellow associate owners to accumulate personal wealth.” Joe Balthazor, President WAUKESHA, Wis. (PRWEB) February 17, 2021 Hallmark Building Supplies has announced the successful transfer of 100% ownership of the company to its employees via an Employee Stock Ownership Plan (ESOP).
Joe Balthazor, President, CEO and Founder continues to lead the company and remains active as President and CEO after the transaction. Balthazor says, “After weighing the options, my wife and I decided the best thing to do was to take the company to 100% employee ownership versus selling to a 3rd party. This allows us to maintain our culture, keep our leadership team in place and provide