Litehouse announces sale of company to employees

Litehouse announced effective Dec. 22, 2014, that 100 percent of the company's stock has been sold to its employees through an Employee Stock Ownership Plan (ESOP). The move continues the opportunity for all current and future employees to become owners of this brand, which has been family owned for over 50 years.

Litehouse first formed an ESOP plan in 2006 selling 30 percent of the company as a commitment to their employees and their communities. The move to 100 percent ESOP ensures continued local ownership.

The Litehouse brand founded by the Hawkins brothers Doug & Edward merged with Wendell Christoff and his family dressing company, Chadalee Farms, of Lowell, Michigan in 1997.

“We are incredibly proud of our company and want our legacy to be shared with the talented and dedicated employees who have contributed to its growth,” said Doug Hawkins, chairman of the board of directors. “The move to 100 percent employee ownership allows every employee to be an owner and ensures the future success of Litehouse for generations to come.”

“We are excited to have created this opportunity for our employees and we are confident that the ESOP will make us an even stronger company,” said Jim Frank, president and CEO of Litehouse. “The success of the Litehouse brand and the move to a 100 percent employee-owned company is a strong reflection of our founders Guiding Principles: Faith, Stewardship, Integrity, Commitment to Excellence and Accountability. These principles continuing to guide us today.”

For more information, visit Lighthouse’s website.