Fishman Ownership Goes to Employees

Baltimore, MD, May 4, 2012 -- Fishman Flooring Solutions said it has purchased all outstanding shares of the company’s stock, giving its employees 100 percent ownership of the business.

The company is one of the largest distributors of flooring installation supplies in the nation .  Terms of the transaction were not disclosed.

The management structure of the company will not be affected by the share purchase.  President Bob Wagner and the other members of the Fishman management team will continue in their current roles.
 
The outstanding shares were purchased from Nelson Fishman and Ray Colombo, who led the company for a combined 90 years.  Fishman and Colombo first sold shares of their stock to employees in 2003, when they established an Employee Stock Ownership Plan.