What is an Employee-Owned Company and Why Does it Matter?

First, the history… Since its beginnings in 1999, Showplace Wood Products (now doing business as “Showplace Cabinetry”) has been one of the fastest growing cabinetry brands in America. From the start, this success has been grounded in Showplace people: A team of hardworking, results-oriented workers, managers and directors who care about what they do. In a world of seemingly endless choices, their creativity and hard work has made Showplace the brand of choice for 1000+ dealers and thousands of customers around the country.

In the time of constant mergers and acquisitions by distant holding companies, the founding shareholders of Showplace chose a different path. They were determined to perpetuate Showplace in a way that protects its employees and dealers from a large corporate entity that doesn’t share their vision. The founding team also sought to reward Showplace employees for their personal contributions to its ongoing success.

As a result, Showplace now exists as a 100% employee-owned company through the creation of an Employee Stock Ownership Plan (ESOP). The move to an ESOP ensures the stability of Showplace into the future, while keeping the current board of directors, management, and day-to-day control unchanged.

How Do You Benefit?

Purchasing products from an employee-owned company means that you are supporting the present AND the future of our employees. But, that’s not all. Here are more benefits of buying cabinetry from employee-owned Showplace!