![Macaran becomes 100% Employee-Owned Macaran becomes 100% Employee-Owned](../graphics/press-releases/2019/macaran-01.png)
Nick Van Alstine, Macaran CEO
Macaran becomes 100% Employee-Owned
New Employee Stock Ownership Plan Protects Company’s Employees Customer Service Culture
Cohoes, NY (October 16, 2019): Macaran Printed Products a division of W.N. Van Alstine and Sons, Inc. announced that the company has become a 100% employee-owned entity, converting to an Employee Stock Ownership Plan (ESOP) which became effective earlier this year.
Macaran, one of North America’s highest definition pressure sensitive label converters, was founded more than 44 years ago and as an employee-owned company will continue to operate under the same business model and management structure for the foreseeable future.
Van Alstine and Sons is an industrial solutions company in the packaging space and was founded in 1950. Company President and corporate principal, Gary Riley, is very excited about the announcement and had this to say, “We believe an ESOP is the best way to reward our family of employees and ensure a bright and vibrant future for both companies.”
According to CEO Nick Van Alstine, all full time employees are now company owners, participating as shareholders. “One of the reasons we chose to institute an ESOP was to protect and reward our employees who have played critical roles in crafting our success,” comments Van Alstine
Macaran’s innovative label and packaging solutions, advanced flexographic and digital printing technology and unparalleled customer service have generated long-term growth for the business and rare levels of employee loyalty. Of the approximately 55 employees that work for Macaran today, Van Alstine states that about 85% have worked there for more than 10 years, noting that the company’s leadership as a pressure sensitive converter is based on a customer-driven culture that makes service key. “Unparalleled service requires great employees who are dedicated to doing everything possible to serve the customer and as a result, grow the business,” he comments.
Source: Macaran Printed Products