History: A New Cooperative

 

Forming a New Cooperative, 1992 – 1994

At the 1992 annual meeting, the main topic focused on defining what I.W.D.A. needed to do to be most effective for its members. A steering committee reported on the concept of forming a “Cooperative,” and a unanimous member vote authorized the committee to proceed with its recommendations.

As a Cooperative, it became necessary to hire a Chief Operating Officer to oversee the business. Several candidates were interviewed, and Roger Bolenbaugh was offered the position, with employment to start January 15, 1994.

The Independent Welding Distributors Cooperative, Inc., was incorporated, and, on March 7, 1994, the membership voted to become a cooperative corporation retroactive to January 1, 1994. The purpose of the cooperative was stated as the furtherance of its membership through the manufacturing, warehousing, and distribution of welding and related industrial equipment and supplies.

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