James Alexander Corp. Expands Employee Stock Ownership Plan

James Alexander Corporation, a manufacturer and contract packager of unit dose dispensing systems for the cosmetic, pharmaceutical and industrial markets, recently announced an approximately 5% expansion of its Employee Stock Ownership Plan—a qualified, employee benefit plan designed to invest primarily in the stock of the sponsoring employer.  Following the profit-sharing increase, which went into effect this quarter, employees will own approximately 20% of the company.  An Employee Stock Ownership Plan was originally introduced at James Alexander Corp. in 2011.