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Forty Percent of NewAge® Industries is Now Owned by Its Employees

2013-01-23 06:00:00| Industrial Newsroom - All News for Today

Adds to Their Previous Ownership of Thirty Percent Southampton, Pa. - The recent holidays were a time for togetherness and gift giving, and together the team members of NewAge Industries received an unexpected gift. The company's CEO and majority shareholder, Ken Baker, recently announced that in early 2013 he will sell an additional ten percent of NewAge's shares to the company's ESOP (Employee Stock Ownership Plan), raising the total of the ESOP's ownership to forty percent. "This action ...

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