At NewAge Industries, succession breeds success

Article Abstract:

NewAge Industries, a Willow Grove, PA-based manufacturer of plastic and rubber tubing, and test instruments, has proven that succession in a family business can succeed. After NewAge founder and Chairman Raymond Baker handed over the company to his son, Ken, the company's yearly sales have increased to over $22 million from $7.5 million in 1986. NewAge also expanded by acquired Colex International Ltd., an English company that produces products similar to NewAge's and has annual sales of approximately $6 million. NewAge currently has production plants in Warminster, PA, and Willow Grove. The company was recently recognized by the Small Business Development Center and the Wharton's Family-Controlled Corporation Program as one of the Family Businesses of the Year.

Comment:

Proves that succession in a family business can succeed, w/ the co able to grow to $22 mil in annual sales

Rubber and Plastics Hoses and Belting Manufacturing, Medical Equipment and Supplies Manufacturing, Plastic Medical Tubing, Rubber Industrial Tubing, Hose (Equipment), Medical plastics, NewAge Industries Inc., Medical tubing

---

Tracking down the fakes

Article Abstract:

Nocopi Technologies Inc. of West Conshohocken, PA, is a maker of anticounterfeiting products making efforts to become profitable after losing money for the last five years. The company has seen its profits remain flat for several years, while tied to licensing deals with larger manufacturers, until summer 1998. Nocopi, for more than 16 years, has been selling invisible inks and anticounterfeiting products to firms hoping to reduce their losses due to fraud, with about 70% of its $3-million annual revenue raised by supplying pharmaceuticals, clothing and perfume makers. Nocopi president and CEO Richard Check said he restructured the firm to enable it to exert more control over its sales and attempt to enhance profit margins.

Comment:

Is a maker of anticounterfeiting products making efforts to become profitable after losing money for the last five years

Synthetic Organic Dye and Pigment Manufacturing, Dyes NEC, Nocopi Technologies Inc., Organic dyes

---

Harsh realities lie ahead for MetroRail

Article Abstract:

The Southeastern Pennsylvania Transportation Authority's plan to build the MetroRail commuter rail service has some support but it may not be enough to procure federal funding for the immense project.

Local and suburban transit, Commuter Rail Systems, Commuter Rail Service, Commuter railroads

Similar abstracts:

• Abstracts: A model business. Working on it
• Abstracts: Safegaurd sees volatile results in its future. Erecting borders on the Web. Web site aims for older users; ThirdAge Media's target audience is ages 45 to 65
• Abstracts: Megatronics; soldering for success. New software program puts byte on dentistry. High tech salutes industry success stories
• Abstracts: US Airways skips pension payments, seeks to end plans. Airline union has little hope for deal. US airways pilots are split before meeting
• Abstracts: Kvaerner tries to reassure black business leaders. A 'Powerhouse' on the job and courtside. Kvaerner shipyard gets new leader

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.