 NewAge Industries
started as a dream of Raymond
Baker’s back in 1954. It was in that
year that this young
salesman-turned-entrepreneur purchased a
small company that both manufactured and
imported metal hardness testers. Then,
just a short year or so later while on a
business trip in England, he found a
revolutionary new product that he felt
was just what was needed back in the
States—a clear, nylon braid
reinforced, flexible PVC hose. It
didn’t fit the hardness tester
business, so he started a second business
with this new product,
NYLOBRADE®
A lot of time has passed since those early days. The Testing Instruments Group, now known as,
Newage Testing Instruments, has become a world leader in hardness testing instruments, and was sold to longtime managers Doug McGhee and Giancarlo Mazzoleni.
 Today, NewAge Industries is a multi-million dollar manufacturer of plastic and rubber tubing and hose, and a supplier of fittings, clamps, and accessories for a wide variety of industrial and high purity applications. Now guided by Raymond’s son, Ken Baker, the company has its corporate offices and state-of-the-art manufacturing center in Southampton, PA.
As of January 2006, the company became employee owned. Called an ESOP (Employee Stock Ownership Plan), the program involves the selling of 30% of the company, via shares of stock, to the employees as part of their retirement benefits.
|
