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Macaran Becomes 100% Employee-Owned

The company, a division of W.N. Van Alstine and Sons, Inc. converted to an Employee Stock Ownership Plan.

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By: Anthony Locicero

Copy editor, New York Post

Macaran Printed Products, a division of W.N. Van Alstine and Sons, Inc. became a 100% employee-owned entity, converting to an Employee Stock Ownership Plan (ESOP) which became effective earlier this year, the company announced.

Macaran, a North American high 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.

“We believe an ESOP is the best way to reward our family of employees and ensure a bright and vibrant future for both companies,” said Gary Riley, president and corporate principal.

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,” he said.

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

“Unparalleled service requires great employees who are dedicated to doing everything possible to serve the customer and as a result, grow the business,” he said. “This ESOP will help us retain valued employees.” 

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