Wednesday, November 21, 2012

American Heart: Owner of Multi-Million Dollar Company Hands Over Business to Employees

In 1978, he started Bob's Red Mill Natural Foods, as a small family-run business in Oregon selling stone mill-ground whole grains.

The company has since grown into a multi-million dollar business that sells more than 400 whole grain products including flours, hot cereals, and organic and gluten-free products.

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."  
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