In January 2006, NewAge Industries’ owners signed paperwork that sold 30% of the plastic tubing manufacturer to its employees. The ceremony was a notable step in the company’s journey to employee ownership. Now, fifteen years later, NewAge is 100% employee owned. The company’s ESOP — Employee Stock Ownership Plan – rewards long term employees at […]
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NewAge Industries-AdvantaPure expands with additional facilities
In May, NewAge Industries, the parent company of AdvantaPure, bought two of three units in a building within seven miles of its headquarters. NewAge recently purchased the remaining unit and now owns the entire seven-acre property consisting of over 90,000 sq. ft. of future production, warehouse and office space. “This acquisition completes one plan and […]
NewAge Industries introduces phthalate-free Clearflo 70 tubing
New from plastic tubing manufacturer NewAge Industries is Clearflo 70 PVC tubing, a phthalate-free product. Clearflo 70 was developed in response to customers’ interest in fluid transfer products that do not contain leachable phthalates such as DEHP (Di-2-ethylhexyl phthalate) or BPA (bisphenol A). Some studies indicate that phthalates – chemicals used to make certain plastic […]
NewAge Industries video highlights pride of employee ownership
NewAge Industries has the same challenge as many other companies today. “We need more people,” said Ken Baker, CEO. The sixty-five-year-old company, which manufactures plastic and rubber tubing for numerous industries, has experienced significant growth over the past several years. Manufacturing and warehouse operations were expanded last year to keep up with customer demand, especially […]
NewAge Industries hosts Pennsylvania Governor Tom Wolf to discuss ESOPs
On Monday, May 14, Pennsylvania Governor Tom Wolf visited plastic tubing manufacturer NewAge Industries, which is located in Southampton, Bucks County, Pa. Governor Wolf was invited by Ken Baker, the company’s CEO, for discussions on the company’s employee ownership program and a tour of the newly-expanded facility. NewAge’s ESOP—Employee Stock Ownership Plan—has seen tremendous growth […]
NewAge Industries achieves landfill-free status
NewAge Industries is proud to announce that it is now a zero-waste organization. All of the tubing manufacturer’s waste is reused, recycled or disposed of by combustion at a local EfW (Energy from Waste) facility. “This has been a goal of ours as part of our sustainability program,” said Ken Baker, CEO. “We went solar […]
NewAge Industries announces new inside sales manager
NewAge Industries has promoted Stephen McDevitt to the role of Inside Sales Manager, effective February 1, 2016. A 13-year team member, McDevitt has proven his product knowledge, customer relationship building and leadership abilities, making him well suited for the position. McDevitt fills the role vacated by Annabelle Black, who retired in December 2015 after 29 […]
62-year-old company celebrates employee ownership
In January 2016, NewAge Industries will note a milestone—10 years as an employee-owned company. The share price of the company’s Employee Stock Ownership Plan (ESOP) has increased over six fold since the plan’s inception. When asked if he had ever thought NewAge would be in its current position as an ESOP, Ken Baker, CEO, said, “Absolutely. Back […]
Tubing and hose manufacturer grows with two promotions
Tubing manufacturer NewAge Industries recently promoted Robert Volk and Michael Allard. Volk is now the company’s Executive Director of Operations, and Allard’s new position is Executive Director of Sales and Marketing. “These moves were made to keep up with the growth of our organization and planning for the future,” said Ken Baker, CEO. “The changes […]
