Barb King gave capitalism a good name.
King, who died last week of cancer at age 61, treated all the stakeholders fairly in Landscape Structures, the playground-equipment manufacturer she started in a garage with her husband, Steve.
"She was a very cool person," said Dan Carr, president of the Collaborative, a business-support organization. "It is a very successful company. She was a leader who was making things better and safer for kids and the environment. It was not about the money for Barb."
King died at home with her family after a seven-month battle with cancer. She will be memorialized by a few thousand folks at 3 p.m. today at the company's headquarters in Delano that employs about 325 people. There will be pictures of her and employees, kids, customers, friends and others who make up the human saga of a company that will manufacture about $100 million worth of playground equipment this year.
Barb, a food science graduate, and Steve, a landscape architect out of Iowa State University, quit jobs to start building next-generation playgrounds from their garage in 1971. They had a better idea, drive and a willingness to work hard.
"I made them a $40,000 loan in 1973 or 1974, the first of several, when they were still operating out of the garage," recalled Dave Cleveland, the retired president of the former Riverside Bank of Minneapolis. "They had some problems and went through some tough times, but you couldn't say no to those people.
"Steve was the designer and Barb ran the show. I was on their board in the 1980s. They were absolutely loved by the employees. I can remember once she complained to the board that they couldn't keep up with sales demand. We told them to increase prices. It didn't slow sales at all. I've been involved with lots of new companies, but they were the best."
The company pays profit-sharing bonuses and the employees are owners. The Kings rejected offers from outsiders in favor of a gradual sale to employees, whom they credit with their success, through an employee stock ownership plan.