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NewAge(R) Industries Welcomes Pennsylvania Senator Bob Casey for Discussions on Employee Ownership
Plastic tubing manufacturer NewAge Industries recently hosted Senator Bob Casey for round table talks on the benefits of employee ownership. The Senator toured NewAge's newly-completed expansion, where silicone tubing and hose are manufactured.
By: NewAge Industries Inc.
Senator Casey participated in a round table discussion moderated by Jeff Johnson, a 28-year team member, who gave an overview of how and why Ken Baker, NewAge's CEO, arrived at the decision to become employee owned. Johnson explained how the ESOP (Employee Stock Ownership Plan) was implemented and the direct impact on growth, stability, and improved benefits for all team members.
Individual employee-owners then shared their personal stories of how being part of an employee-owned company has positively affected their lives. Several noted that the ESOP contributes to an overall improved work environment and creates a highly-effective culture focused on teamwork.
Following a summary of ESOP activity in Pennsylvania and an update on legislative efforts by Kevin McPhillips, Executive Director of the Pennsylvania Center for Employee Ownership, Senator Casey was offered an overview of the products NewAge manufactures by Mary Marcus, NewAge's Executive Director of Quality. The Senator toured the company's headquarters, including a recently-completed $11 million manufacturing expansion, with Johnson, Marcus and Robert Volk, Executive Director of Operations at NewAge.
"We appreciate Senator Casey giving us the opportunity to tell our ESOP story from the employee perspective,"
Learn more about NewAge Industries' ESOP at http://www.newageindustries.com/
About NewAge Industries
In business since 1954, NewAge Industries manufactures plastic and rubber tubing in reinforced and unreinforced styles. The company maintains a large inventory of tubing and fittings for its core product lines, provides custom extrusion and fabrication capabilities, and services customers worldwide. In 2006, NewAge initiated an ESOP and became an employee owned company for the benefit of both its employees and customers.
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NewAge Industries, Inc.