BRUNSWICK, Ohio - May 2018 – Last week Philpott Rubber & Plastics CEO & President Michael Baach was interviewed in Washington, DC by the Ways and Means Subcommittee on Tax Policy concerning Tax Reform and Small Businesses: Growing our Economy and Creating Jobs.
Baach testified that “As a small business, Tax Reform is creating growth drivers for Philpott in numerous ways. It gave us the courage to invest more than $5 million in a new facility, equipment and upgraded manufacturing utilities infrastructure. This investment will, in turn, allow Philpott to reshore our manufacturing from China back to the US and allow us to innovate new products. This will drive growth in our business, create new jobs and increase cash and employee stock ownership compensation. All of this will continue to bolster our commitment to the US as we remain Philpott Proud!”