The Plastics Blog
By Don Loepp | About The Plastics Blog

Tubing extruder hosts local politician to discuss ESOP benefits

By Don Loepp | June 30, 2014 03:38 pm ET

Image By: NewAge Industries Inc.State Sen. Stewart Greenleaf tours NewAge Industries Inc.

NewAge Industries Inc. recently hosted Pennsylvania State Sen. Stewart Greenleaf for a visit to its Southampton, Pa., headquarters.

According to the company, the first visit was part of Greenleaf’s effort to call on successful businesses and learn about their operations and practices. The second included a town-hall-style meeting with some employees to discuss the benefits of employee stock ownership plan (ESOP) companies.

Ron Moritz, a sales team member who retired at the end of 2013 but still works at NewAge part-time, said “There’s no one at NewAge who doesn’t care about the outcome of our business. We have a vested interest in its success.”

That’s a benefit of employee ownership, which is a step that NewAge took in 2006.

CEO Ken Baker said NewAge has been approached by competitors many times over the years, and its owners have no interest in selling or seeing the company split apart. The team members now own 40 percent of the company, up from 30 percent just a few years ago.

Hats off to Greenleaf to making an effort to learn more about the businesses in his community, and also to NewAge for hosting the visits. These types of meetings take time and effort, but the payoff is that the community ends up knowing more about the size and importance of the plastics industry.


Recent Blog Posts

Some great videos about the future of plastics, plus a serious complaint   January 27, 2015 2:32 pm ET
Obama talks about composites and 3-D printing at Techmer PM   January 10, 2015 10:01 pm ET
Your most popular stories of 2014   December 29, 2014 8:57 am ET
Law denies benefits to former Nazis, including former plastics executive   December 18, 2014 5:53 pm ET
Study estimates 269,000 tons of plastic in world's oceans   December 10, 2014 7:25 pm ET
Plastics and politics ... it's serious business   December 4, 2014 5:20 pm ET

Comments

Tubing extruder hosts local politician to discuss ESOP benefits

By Don Loepp

Published: June 30, 2014 3:38 pm ET
Updated: June 30, 2014 3:41 pm ET

Post Your Comments


Back to story

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events