The ESOP transaction was officially closed on November 14, 2023, making Legend Valve & Fitting an employee-owned company. This decision was driven by the desire to align the employees' interests with the business's overall success, fostering a sense of shared responsibility and collaboration.
In the new division, GF Uponor, the building technology businesses will be combined to offer a complementary portfolio for safe and clean water, as well as energy efficient heating and cooling.
In her new role, Bloch will oversee business development, customer service, marketing communications and human resources. Bloch is the first woman to be named to NIBCO’s executive leadership team who is a nonfamily member.
Mark Olson, who recently announced plans to step aside from leading the company as CEO, will begin transitioning responsibilities to Gullickson over the coming months.
The actions will prioritize the creation of much-needed residential housing that is affordable, energy-efficient, greenhouse gas-reducing, and near transit and good jobs.
Charlotte Pipe’s new foundry is situated on 700 acres in Stanly County, about 35 miles east of the cast iron foundry it operated in Uptown Charlotte for more than 100 years.
