NewAge(R) Industries Announces New Board Members; Experienced Executives Will Help Steer the Company's Direction
Plastic tubing manufacturer NewAge Industries grew significantly over the past 15 years. The company introduced a line of biopharm products, doubled its number of employees, and became an ESOP corporation. Its leadership and strategic planning needs grew as well, leading to the additional of three new Board of Directors members. This experienced team will help plan NewAge's continuing growth.
- Philadelphia, PA-NJ (1888PressRelease) December 05, 2016 - As NewAge Industries grew from a small distributor of plastic tubing to the mid-sized manufacturer it is today, its need for thoughtful and experienced leadership grew as well. To address that need, NewAge's majority owner and CEO, Ken Baker, recently appointed several new members to its Board of Directors.
Over the past 15 years the company's product lines have diversified to include high-purity biopharma products, and it has become an ESOP (Employee Stock Ownership Plan) company. Additionally, the number of employees has doubled during that time period. Baker felt more outside direction and strategic growth planning was needed.
New to the Board of Directors are Matt Sullivan, Cecil Ursprung and Pat Sacco.
Baker asked Matt Sullivan to join the Board last year. The two met through a local executives group, and Baker believed Sullivan's leadership, vision and organizational concepts relating to company succession would be an asset to NewAge Industries. Sullivan is president and CEO of the Dunmore Corporation, a family-owned business specializing in engineered films for coated, metallized and laminated products.
Cecil Ursprung was solicited to become a board member in early 2016. Ursprung's background includes positions as president, CEO and board member for Reflexite (now Orafol), a manufacturer of products that focus reflected light. He has been a board member for five other ESOP companies and brings a great deal of knowledge about employee ownership to NewAge's board. Ursprung is currently on the board of the National Center for Employee Ownership, an organization of which NewAge is a member.
Most recently, Pat Sacco was invited to join NewAge's Board. Sacco has over 30 years of experience in the life sciences and biopharmaceutical industries and understands the challenges of manufacturing, engineering, quality, and technical operations. He held positions as senior vice president of manufacturing and vice president of engineering, among others, at Shire. Sacco also has experience with guiding organizations through rapid change and growth, developing long term supply strategies, and the talent and human capital management of large organizations.
"This group of experienced people will help lead NewAge Industries into its next phase," said Baker. "With the changes occurring in the global economy, the challenges of continuing to manufacture top quality products, and a 40,000 square foot expansion underway at our headquarters to add to our existing 125,000 square feet, this Board will help plan the years ahead for NewAge, its customers and its employee-owners."
For more information on NewAge Industries' ESOP and its products, visit http://www.newageindustries.com or contact the Fluid Transfer Specialists at NewAge Industries, Inc., by phone: 800-506-3924 or 215-526-2300; e-mail: info ( @ ) newageindustries dot com; fax 800-837-1856 or 215-526-2190; or at 145 James Way, Southampton, PA 18966 dot
About NewAge Industries
In business since 1954, NewAge Industries manufactures plastic and rubber tubing in reinforced and unreinforced styles. The company offers an overall product quality rating of 99.8%, provides custom extrusion and fabrication capabilities and services customers worldwide. NewAge Industries maintains a large inventory of tubing and fittings for its core product lines. In 2006, NewAge initiated an ESOP (Employee Stock Ownership Plan) for the benefit of both its employees and customers.
The AdvantaPure® division of NewAge Industries is ISO 9001:2008 certified and specializes in high purity tubing, hose, Single-Use process tubing manifolds, BioClosure® container closure systems, and other molded components for the pharmaceutical, biopharm, biomedical, food, beverage and chemical industries. Products are manufactured, stored and shipped using methods that ensure product purity. Automated product identification systems, including gamma stable RFID tags and labels, are offered by NewAge's Verigenics® division.
BioClosure®, NewAge®, NewAge Industries AdvantaPure®, Verigenics®, and "Fluid Transfer Specialists®" are registered trademarks of NewAge® Industries, Inc.
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