NewAge Industries

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NewAge becomes fully employee owned

As it reaches 65 years in business this year, NewAge Industries also has another reason to celebrate. It became fully owned by its employees through its Employee Stock Ownership Plan. The company, which manufactures plastic and rubber tubing, started down the path to employee ownership through its CEO Ken Baker in 2006. But Baker learned

NewAge Industries announces 100% employee ownership

At a company-wide meeting held on 5 September, it became official: NewAge Industries is now entirely owned by its employees through its ESOP (Employee Stock Ownership Plan). The event was the culmination of a plan first considered by CEO Ken Baker more than two decades ago. “I’ve had a lot of other business owners ask