NewAge Industries [www.newageindustries.com] is a PA-based 100% ESOP that specializes in fluid transfer, i.e., tubing and couplings etc. It provides essential COVID-19 components necessary for test kits, vaccine and therapeutics development, medical equipment such as ventilators and hospital beds, as well as Personal Protective Equipment (PPE). CEO Ken Baker appeared on Episode 16 of The ESOP Podcast. We include an except describing New Age's path from a single shareholder distributor to an employee-owned manufacturer.
The article referenced in this podcast, "Sales are booming for Bucks manufacturer aiding coronavirus response," was written by John George and published in the Philadelphia Business Journal on April 10, 2020: https://www.bizjournals.com/philadelphia/news/2020/04/10/sales-are-booming-for-bucks-manufacturer-aiding.html
The full linked transcript of this episode can be found on our website: https://www.theesoppodcast.com/post/mini-cast-78-newage-industries-an-essential-esop