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Wednesday, February 17, 2010 

Way to go, Bob!

In this time of greedy corporations, it's so nice to hear of a company actually caring for it's employee's!

Bob’s Red Mill Natural Foods is a widely-known provider of organic grains, flour, and baking mixes. It operates in two locations in the Portland, Oregon, suburb of Milwaukie (yes, that’s how they spell it), distributing its products throughout North America and to Asia and the Middle East. It is privately owned, has 209 employees, revenues estimated to be between $20 million and $30 million per year, with year-over-year revenue growth of 20 to 30 percent over the past five years.

It made international news in 2009 when its steel cut oats product (one of my favorites) won the Golden Spurtle Award at the 16th Annual Golden Spurtle World Porridge Making Championship in Scotland.

In a move reminiscent of Aaron Feuerstein of Malden Mills, it was announced on Tuesday that the founder, Bob Moore, is transitioning the company to an employee-owned firm through an employee stock ownership program (ESOP). - Ernest T Bass diary over at the Daily Kos

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