CICERO — With company presidents planning to retire at the end of the year, Syracuse Label & Surround Printing has merged its operations with two sister companies that operate in Cohoes, near Albany. The boards of directors of Syracuse Label & Surround Printing — along with Macaran Printed Products and sister company W.N. Van Alstine […]
CICERO — With company presidents planning to retire at the end of the year, Syracuse Label & Surround Printing has merged its operations with two sister companies that operate in Cohoes, near Albany.
The boards of directors of Syracuse Label & Surround Printing — along with Macaran Printed Products and sister company W.N. Van Alstine — on June 13 announced the agreement.
The June 13 announcement also signaled that the agreement is final, Peter Norris, marketing coordinator for Cicero–based Syracuse Label & Surround Printing, tells CNYBJ in an email message.
Syracuse Label & Surround Printing operates at 200 Stewart Dr. in Cicero. Besides Cohoes, Van Alstine also operates a location at 6805 Newbrook Ave. in DeWitt, per its website.
Kathy Alaimo, president of Syracuse Label & Surround Printing, and Nick Van Alstine, CEO of Macaran and Van Alstine, will lead the new business, operating as co-CEOs. Tom Sargent of Macaran Printed Products will serve as president.
“I have known Nick Van Alstine, and we’ve been friendly competitors for over 20 years,” Alaimo said. “This friendship and mutual trust evolved into a conversation about how similar our companies were, and what an exciting opportunity we had to support future growth for our employee-owners.”
Both Alaimo and Van Alstine plan to retire effective Dec. 31 of this year and both will then assume roles as co-chairs of the board of directors. Sargent will assume the CEO position effective Jan. 1, 2023.
The June 13 announcement is the “culmination of a well-planned and orderly succession process to ensure the continued success of the organization,” the companies said.
The combined organization will provide “enhanced” development and manufacturing capabilities, incorporating “state-of-the-art label technologies along with improved economies of scale.”
The new organization has three facilities, 165,000 square feet of manufacturing space, 175 full-time employee owners, and $65 million in sales.
Customers will not see any changes to the day-to-day operations of Syracuse Label, Macaran, or Van Alstine. All sales, service, and accounting procedures and contacts will “remain intact,” and all divisions will continue to use their branded visual identities and logos, per the announcement.
Purpose for merging firms
The merger brings together label and packaging companies who share common cultures, common cause and common goals, they said. The companies are 100 percent employee owned.
“Driven by industry consolidation,” both organizations said they found themselves in “similar circumstances as the competitive landscape has shifted around them.” The merger creates an organization with “greater scale, capacity and capability, bringing additional value” to the customers and markets it serves.
“This is a great fit for our businesses. This merger is all about our shared values; preserving corporate legacies, creating value for our employee-owners and becoming more competitive in the marketplace,” Van Alstine said.