Jasper Engines announces share distribution

Associate-Owner shareholders in the Jasper Holdings, Incorporated Employee Stock Ownership Plan (ESOP) were treated to another record-setting share value on May 5th. 

JASPER distributed a total of $17,097,741 in new shares to over 2,500 eligible associate-owners. Over the last ten years, a total of $191 million in stock has been given to their associate-owners. 

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

“We’ve had some great growth in our share price, and today we have over $685 million of enterprise value,” Bawel told associate-owners. “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.”