Syracuse Label, Macaran, W.N. Van Alstine Merge Syracuse Label & Surround Printing, Macaran Printed Products and W.N. Van Alstine, have an- nounced that their respective boards of directors have approved a merger agreement. The new business will be led by Nick Van Alstine (Macaran/Van Alstine) and Kathy Alaimo (Syracuse) operating as co-CEOs, with Tom Sargent as President. The merger brings together three label and pack- aging companies who share common cultures, common cause and common goals. The merger will create a new organization with three facilities, 165,000 square feet of manufactur- ing space, 175 full-time employee owners and $65 million in sales. It also brings together a C-suite leadership team with decades of experience in the industry. The team consists of: Kathy Alaimo – Co-CEO Nick Van Alstine – Co-CEO
Internet Directory Potential customers can locate your products and services, clicking directly to your website. Both in print and online, it’s a cost-effective means to reach Flexo Market News readers and increase your bottom line.
qxp_Layout 1 8/13/19 6:20 PM Page 1
To take advantage of this opportunity contact:
Greg Kishbaugh / 317-306-1060 / flexo@nvpublications.com
Robyn Smith / 910-553-4055 / rsmith@nvpublications.com
Get your company in front of the flexo industry’s key decisionmakers. Flexo Market News ’ readership is comprised of Presidents, Owners, VPs and General Managers of flexo operations — the key people who make decisions on equipment purchases. An ad in Flexo Market News is a direct sales meeting with thousands of the industry’s best thinkers and most influental leaders. Reach the Decisionmakers
Tom Sargent - President Gary Riley – President, W.N. Van Alstine Dan Rosenbaum – Chief Financial Officer Paul Roux – Chief Technical Officer Thomas Faugno – Chief Sales Officer Nick Noyes – Chief Operating Officer
A critical aspect of the merger is the continued de- velopment and support of the Employee Stock Own- ership Plan (ESOP). The ESOP ownership structure was adopted by Syracuse Label & Surround Printing in 2007 and Macaran/Van Alstine in 2017. Customers will not see any changes to the day-to- day operations of Syracuse, Macaran or Van Alstine, said the companies. All sales, service and account- ing procedures and contacts will remain intact, and all divisions will continue to use their branded vi- sual identities and logos. In addition, effective December 31, 2022 both Kathy Alaimo and Nick Van Alstine will retire and assume roles as Co-Chairs of the Board of Direc- tors. Tom Sargent will assume the CEO position ef- fective January 1, 2023.
8 June 20, 2022 Flexo Market News
Made with FlippingBook Learn more on our blog