Southampton, PA — As NewAge Industries grew from a small distributor of plastic tubing to the mid-sized manufacturer it is today, its need for thoughtful and experienced leadership grew as well. To address that need, NewAge's majority owner and CEO, Ken Baker, recently appointed several new members to its Board of Directors.
Over the past 15 years the company's product lines have diversified to include high-purity biopharma products, and it has become an ESOP (Employee Stock Ownership Plan) company. Additionally, the number of employees has doubled during that time period. Baker felt more outside direction and strategic growth planning was needed.
New to the Board of Directors are Matt Sullivan, Cecil Ursprung and Pat Sacco.
Baker asked Matt Sullivan to join the Board last year. The two met through a local executives group, and Baker believed Sullivan's leadership, vision and organizational concepts relating to company succession would be an asset to NewAge Industries. Sullivan is president and CEO of the Dunmore Corporation, a family-owned business specializing in engineered films for coated, metallized and laminated products.
Cecil Ursprung was solicited to become a board member in early 2016. Ursprung's background includes positions as president, CEO and board member for Reflexite (now Orafol), a manufacturer of products that focus reflected light. He has been a board member for five other ESOP companies and brings a great deal of knowledge about employee ownership to NewAge's board. Ursprung is currently on the board of the National Center for Employee Ownership, an organization of which NewAge is a member.
Most recently, Pat Sacco was invited to join NewAge's Board. Sacco has over 30 years of experience in the life sciences and biopharmaceutical industries and understands the challenges of manufacturing, engineering, quality, and technical operations. He held positions as senior vice president of manufacturing and vice president of engineering, among others, at Shire. Sacco also has experience with guiding organizations through rapid change and growth, developing long term supply strategies, and the talent and human capital management of large organizations.
"This group of experienced people will help lead NewAge Industries into its next phase," said Baker. "With the changes occurring in the global economy, the challenges of continuing to manufacture top quality products, and a 40,000 square foot expansion underway at our headquarters to add to our existing 125,000 square feet, this Board will help plan the years ahead for NewAge, its customers and its employee-owners."
For more information on NewAge Industries' ESOP and its products, visit http://www.newageindustries.com or contact the Fluid Transfer Specialists® at NewAge Industries, Inc., 145 James Way, Southampton, PA 18966; phone 800-506-3924 or 215-526-2300; fax 800-837-1856 or 215-526-2190; e-mail: firstname.lastname@example.org.
About NewAge® Industries
In business since 1954, NewAge Industries manufactures and fabricates thermoplastic and thermoset tubing and hose. The company offers one of the broadest product lines of tubing, hose, and fittings in the U.S., and its custom extrusion and fabrication services are unrivaled. NewAge Industries maintains an inventory of over ten million feet of tubing and hose and prides itself on same-day shipment of 98% of orders for its core product lines. In 2006, NewAge initiated an ESOP (Employee Stock Ownership Plan) for the benefit of both its employees and customers.
The AdvantaPure® division of NewAge Industries is ISO 9001:2008 certified and specializes in high purity tubing, hose, single use process manifolds and systems, and other molded components for the pharmaceutical, biomedical, food, beverage, and chemical industries. All products are manufactured, stored, and shipped using the cleanest methods possible to ensure unsurpassed product purity. Automated product identification systems, including gamma stable RFID tags and labels, are offered by NewAge's Verigenics® division.