Natural and Gluten-Free Food Manufacturer Share His Secrets of Success, as Part of the Series, ‘American Heart’.
Bob’s Red Mill Natural Foods and owner Bob Moore were featured on ABC News as Part of it’s series entitled, ‘American Heart’. The family-run food manufacturer, that has grown to a multi-million dollar business since it opened in 1978; was recognized for its committment to producing healthful, nutritious products as well as outstanding treatment of employees.
“Moore’s work is a way of life and his employees are a second family, which is why he announced this week that he’s handing over the keys to his 209 employees.
Moore said he’s gotten countless buy-out offers over the years, but he couldn’t envision selling the business to a stranger.
‘It’s the only business decision that I could make,’ he said. ‘I don’t think there’s anybody worthy to run this company but the people who built it. I have employees with me right now that have been with me for 30 years. They just were committed to staying with me now and they’re going to own the company.’
The company will now be run by an Employee Stock Ownership Plan (ESOP) — the idea being that a company’s stock is put in a retirement plan for its employees, but the stock is never held or bought directly by individuals. When a vested employee retires, he can pull out money from the trust.”
Bob’s Red Mill Natural Foods produces more than 400 products, including a full line of certified gluten free products and an extensive line of certified organic products.
To see the ‘American Heart’ segment featuring Bob’s Red Mill and owner Bob Moore, check out the video below or read the ABCNews.com article here.