January 26, 2021
Press Release: C.H. Reed Announces New Majority Owners
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AFTER 73 YEARS, C.H. REED ANNOUNCES NEW MAJORITY OWNERS
Effective January 2021, C.H. Reed will have new majority owners.
Hanover, PA: Today, C.H. Reed, an industry-leading compressed air, paint finishing, and fluid handling solutions provider, is pleased to announce its new majority owners, Bob Shields and Mark Kauffman.
Bob Shields has been C.H. Reed’s President and Chief Executive Officer since December of 2016. Prior to that, he was the Director of Sales and Service for the Compressed Air Group. He joined C.H. Reed in January of 2015. Since becoming President, his strategic leadership has helped C.H. Reed increase sales and service revenue, expand into new states and territories, and recruit the industry’s best talent. Mark Kauffman has been C.H. Reed’s Chief Financial Officer since September of 2012 and has contributed greatly to the company’s growth trajectory over the years. Involved in many aspects of the business, he has helped build a strong team of management and improved both profits and cash flow. As a part of this transition, Mark will be serving as C.H. Reed’s new Chief Operating Officer, in addition to his current role as the Chief Financial Officer.
In January of 2021, Bob Shields and Mark Kauffman came to an agreement with the Reed and Rogers family to become majority owners in the company. With several Reed and Rogers family members still owning shares in the business, Shields and Kauffman are devoted to continuing the family-oriented culture of service excellence that the company was founded on 73 years ago.
“Thank you to the Reed and Rogers family for trusting us to continue the great legacy of C.H. Reed. Reed is a special company with great employees and a rich history of customer service.” Said Bob Shields, President, and CEO for C.H. Reed.
About C.H. Reed: Within the areas of compressed air, paint and powder finishing, and fluid handling and process equipment, C.H. Reed works with manufacturers throughout PA, MD, DE, VA, WV, OH, and NY to help them find value-adding opportunities in their business. These improvements enhance processes, increase energy savings, lessen environmental impacts, increase equipment reliability & quality, decrease maintenance spend, and help boost worker safety. The industrial marketplace can be a complex environment. That is why we work with you to help find & integrate the best comprehensive solutions for your strategic needs. When you partner with C.H. Reed, operational excellence is not everything, it is the only thing.
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