Syracuse Label, Macaran Printed Products and W.N. Van Alstine Merge
June 15, 2022
Three employee-owned Northeast label and packaging businesses — Syracuse Label & Surround Printing, Macaran Printed Products and W.N. Van Alstine — announced a merger to form a single organization that combines manufacturing, packaging equipment and distribution capabilities. The new business will retain the ESOP structure, be led by co-CEOs Nick Van Alstine and Kathy Alaimo (with Tom Sargent as President/CEO effective Jan 1, 2023), and will operate three facilities with 165,000 sq. ft., approximately 175 full-time employee-owners and $65 million in combined sales.
- Targets
- Syracuse Label & Surround Printing, Macaran Printed Products, W.N. Van Alstine & Sons
- Industry
- Packaging
- Location
- New York, United States
- Transaction Type
- Buyout
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