Marco employees receive $2.1 million in stock
WORTHINGTON -- Marco has announced that it distributed $2.1 million in stock benefits for fiscal 2011 to eligible employees. The 421 employees celebrated last week at the annual shareholders' meeting where they learned about Marco's 17.2 percent stock appreciation and received a certificate identifying their ownership stake.
Marco increased its market share and employee base last year through two acquisitions. Marco bought the copier and printer sales and service division of Office Enterprises in Eau Claire, Wis. The company further expanded its reach in South Dakota with the addition of Best Business Products, a Sioux Falls-based copier and print solutions provider with locations throughout South Dakota and Marshall.
Becoming an ESOP has helped Marco attract and retain long-term employees who understand their role in the company's performance. The company added 99 new jobs last year throughout its 20 locations in the Upper Midwest; 22 of those jobs were added at its corporate headquarters in St. Cloud.
Marco specializes in data networking and security, converged voice applications, print and document management, managed services, audio/video for training and meeting rooms, digital signage, and video surveillance solutions. Marco serves customers throughout the Upper Midwest and nationally with offices in Minnesota, Wisconsin, North Dakota, South Dakota and Iowa.