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2011
2011 proved to be another exciting year for Budco. The company continued to improve its fulfillment and direct marketing capabilities in a variety of ways. A new state-of-the-art package scanning process was implemented to improve quality and efficiency and to meet the growing needs of clients. Digital print production and finishing capabilities were also improved by adding the option of UV coating for digitally printed pieces.
With a continued focus on supporting both employees and the surrounding community, Budco Employee Appreciation Day was held. The purpose of the day was to recognize all employees for their hard work and commitment and at the same time raise funds for Habitat for Humanity. Activities included barbeque lunches, prize raffles, a photo booth, a dunk tank and the first annual Budco Olympic Games which featured three relay races and a water balloon toss.
In November 2011, private equity firm Glencoe Capital acquired Budco. Glencoe Capital manages the Michigan Opportunities Fund, which makes growth and equity investments in companies that conduct business operations in Michigan or in companies located outside of Michigan that demonstrate a viable strategy for expanding operations into the state. Glencoe has successfully invested more than $1.4 billion in middle-market businesses across North America since 1993. The firm has offices in Chicago, Illinois, and Birmingham, Michigan. Glencoe’s backing provides Budco the ability to accelerate new growth, expand overall capabilities and acquire new customers. Also in November, President Terry Niles is named President and CEO.
