Bob’s Red Mill
Owner of whole-grain foods supplier surprises employees by giving them the company.
March 4, 2010
On his 81st birthday, Bob Moore, who founded natural-foods business Bob’s Red Mill, announced a new stock plan that will transfer ownership of the whole-grain foods company to its 209 employees. Moore and his wife, Charlee, started the milling operation in Redding, Calif. in 1979 and has received multiple offers to buy out the business for millions of dollars. Workers who have been with the company at least three years will be vested into an Employee Stock Ownership Plan. Bob’s Red Mill internationally distributes nearly 400 varieties of cereals, bread mixes, and stone-ground flours—most of which are dairy and egg-free—along with many gluten-free options.
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