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In early April, Cleveland-based Evergreen Cooperatives bought the assets of LEFCO Worthington, also based in Cleveland. This was the fifth transaction for Evergreen's Fund for Employee Ownership, which buys companies and helps them transition to an employee-owned model.
When the COVID-19 pandemic struck, the long-standing overseas supply chains the U.S. relied on for personal protective equipment such as masks weren't enough to satisfy demand. The pandemic also disrupted business for many manufacturers whose products were suddenly in less demand. Making needed PPE…
LEFCO Worthington's new venture aims to make better masks in the U.S. Cleveland PPE Cleveland PPE’s clean room occupies about 6,000 square feet at LEFCO Worthington’s facility on Euclid Avenue. When the COVID-19 pandemic struck, the long-standing overseas supply chains the U.S. relied on for personal protective equipment such as masks weren't enough to satisfy demand. The pandemic also disrupted business for many manufacturers whose products were suddenly in less demand. Making needed PPE was a way for companies to help out and to buoy their bottom lines. But now, some companies see PPE a...