Bliffert Lumber & Hardware Completes Partial ESOP Sale
After over 115 years in business, Century Club retailer Bliffert Lumber & Hardware is thrilled to announce the partial sale of the company to its employees via an Employee Stock Ownership Plan (ESOP) representing the Bliffert employees.
In the announcement made on April 10, 2022, company Vice President, Eli Bliffert outlined how important it was for the Bliffert employees, who helped grow a robust and prosperous company, to share in its ownership into the future.
The sale is a way to reward employees for their contributions to Bliffert Lumber & Hardware’s success and to ensure its long-term vitality, Bliffert said. “I am a firm believer that we are all in it together. The ESOP is the best way to ensure this.”
Bliffert Lumber and Hardware has served contractors and homeowners in southeastern Wisconsin for over 115 years. Since its incorporation in 1904, the retailer has helped the community grow by supplying building materials to hospitals, stadiums, new homes, and a variety of other projects. Now in its 5th generation of Bliffert family ownership, they are proud to be family-owned and operated and make sure that the personal service shows at each of their eight locations.
