From Local Sources

JASPER — Associate-owner shareholders in the Jasper Holdings, Incorporated Employee Stock Ownership Plan were treated to another record-setting share value on May 5.

Jasper Engines & Transmissions distributed a total of $17,097,741 in new shares to over 2,500 eligible associate-owners. Over the last 10 years, a total of $191 million in stock has been given to associate-owners.

The share value continued its upward growth since the inception of its ESOP in 2009 at $2.30 per share. JET Chairman and CEO Doug Bawel announced to associate-owners, via company video, the 100% associate-owned company’s new share value of $476.30, up $14.20/share.

“We’ve had some great growth in our share price, and today we have over $685 Million of Enterprise Value,” Bawel said.

He added: “Let’s make sure we stay focused on what is in our control; a never-ending commitment to improvements in Safety, Quality, Productivity, Customer Service, and Reduction of Waste.”