An Employee Owned Company
Employee Stock Ownership Plan (ESOP)
Since 1958, Avalon Flooring has been run considering the values of culture and community, established by our founder, Mr. Millar. In an effort to maintain these values for decades to come, Avalon became a 100% employee-owned company in 2018. More than just a benefit for employees, our ESOP was designed as a way to share the success and ownership of the company with employees.
What is an ESOP?
An ESOP, or Employee Stock Ownership Plan, allows associates to share directly in the growth of the company. A company-owned trust fund is established, and shares in the trust are allocated to individual employee accounts. ESOPs are proven motivators for building unity and fostering team spirit, and on the average, ESOP companies are more productive and more profitable.