Macaran: Company Becomes Employee-Owned

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Macaran Printed Products, a division of W.N. Van Alstine and Sons, recently reported on its company website that it has become a 100% employee-owned entity, converting to an Employee Stock Ownership Plan (ESOP) that 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 will continue to operate under the same business model and management structure for the foreseeable future, said the company based in Cohoes, New York.

Van Alstine and Sons is an industrial solutions company in the packaging space and was founded in 1950. Gary Riley, company president and corporate principal, said, “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,” Van Alstine said.

Of the approximately 55 employees that work for Macaran, Van Alstine said, about 85% have worked there for more than 10 years.