Blairstown Company Turns Employees Into Owners with ESOP
James Alexander Corporation Makes Surprise Announcement and Rewards its Team with Stock Ownership
BLAIRSTOWN, NJ – James Alexander Corporation, a leading manufacturer and contract packager of unit dose dispensing systems for the cosmetic, pharmaceutical and industrial markets, announced the formation of an Employee Stock Ownership Plan (ESOP) – a qualified, employee benefit plan designed to invest primarily in the stock of the sponsoring employer.
The surprise announcement was made to employees during a company-wide meeting and was met with great enthusiasm and emotion by everyone in attendance. “The ESOP was very important to me personally, as I wanted to reward our dedicated employees, many of whom have been with the company for 20 or 30 years,” said Francesca Fazzolari, President and CEO. “They have been indispensible to the success of our company over the years. In addition to providing a well deserved new retirement benefit, the formation of the ESOP helps secure our future as a locally owned and operated business.”
For more information on James Alexander’s unique plastic and glass packages and their broad range of applications, contact the company at 845 Route 94, Blairstown, New Jersey 07825; phone (908) 362-9266; fax (908) 362-5019; or visit their Web site at www.james-alexander.com.