*extrusions* eNewsletter article 2 - October 2016
NewAge Industries Plastic Tubing and Hose Fluid Transfer Specialists


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DECEMBER 2016 - Issue Number 45 facebook   linkedin   twitter   google plus

ESOP Update – Another 9% & Why It Matters to You

ESOP - Employee Owned for Your BenefitIn 2006 NewAge Industries became partly employee owned when Ken Baker, CEO and majority shareholder, sold 30% of the corporation to an ESOP – an Employee Stock Ownership Plan. Baker sold another 10% to the ESOP in 2013 and in June 2016, transferred an additional 9%, bringing the ESOP's total ownership to 49%.

Why? Because having employees become invested in the company instills the pride of ownership, puts a succession plan in place and discourages a competitive buyout.

Although we follow the business philosophies of company founder Raymond Baker – provide high quality products, selection, quick delivery, old-fashioned personal service and a fair price – the culture of the company has shifted from "It's not my job" to "How can I help?"

Our ESOP puts more decision making and customer satisfaction goals into our hands. Financial and recognition-based incentives encourage everyone to think of the customer first – to put ourselves in the customer's shoes – and to look for ways to improve processes, products and ourselves. It's an option that engages employees, improves morale, and most importantly, benefits you, our customer.

The media regularly shares news of companies across all industries being bought and sold. ESOPs are a means to succession that can help dispel fears of plant closures and job losses; reward, recognize and encourage employees; and put the customer and future success of the company at the forefront.

Read more about NewAge's ESOP and how other organizations support ESOP cultures here.


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NewAge offers Tubing and Hose in a wide variety of materials
PVC
Polyurethane
Silicone
TPR
Nylon
PTFE, FEP, PFA
Polyethylene
Polypropylene
Viton™
Hytrel®
Latex

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NewAge Industries' AdvantaPure products are manufactured to meet the strict sanitary requirements of the Pharmaceutical, Biomedical, Cosmetic, and Food Industries. Platinum-cured silicone tubing and silicone hose are manufactured in our state-of-the-art clean room and are ideal for applications that require cleanliness, non-toxicity, and resistance to extreme temperature variations. AdvantaPure also provides stainless-steel overbraided and rubber-covered fluoropolymer hose, sanitary fittings, and complete hose assemblies.

SPECIAL REDUCED PRICING
While Supplies Last

We are offering special discounts on select tubing, hose, & fittings products. These reduced prices are good while supplies last.

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TUBING, HOSE & FITTINGS


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We are your "Fluid Transfer Specialists®"
Contact Us For Experienced Technical Support:
Phone: 800-506-3924 or 215-526-2300
Fax: 800-837-1856 or 215-526-2190
E-mail:
esales@newageindustries.com

NewAge® Industries, Inc., 145 James Way, Southampton, PA 18966-3817