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Four executives of Ogden's Setpoint Systems have acquired a controlling interest in the Ogden company from its founders. The deal allows founders Joe Cornwell and Joe VanDenBerghe to partially liquidate their stake in the company, which designs and builds automated equipment used to manufacture a variety of products. The pair, who will remain on the board but will no longer be involved in day-to-day operations of the company, plan to focus their efforts on an affiliate company, Setpoint Inc., which manufactures amusement park rides.
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