Headquartered in Canada with manufacturing based in the United States, Butler has been awarded financing from a suite of Canadian Economic Development partner programs that will allow the company to increase production and sales of its childrens over boots throughout North America.
“The financial support we are receiving from the EDC, BMO and BDC will allow us to significantly ramp up production at our U.S. factory and bring a higher level of security to Butler and our retail partners,” said Marc Kingsley-Poole, president of Butler. “In the past two years we’ve developed a strong international business but this financial package will allow us to greatly expand the Butler brand in the US and Canadian markets.”
“We were delighted to form this partnership with Butler,” said Supun Fernando of the EDC.
“Butler has created a product that solves a problem for every parent and we’re excited that we can help them grow. We also believe parents will be as excited as we are as they learn about Butler.”
The EDC is Canada’s export credit agency and is focused on developing Canada’s export trade by helping Canadian companies respond to international opportunities with financing and insurance support.
The Bank of Montreal will allow Butler to operate with a larger line of credit to support increased production and the BDC is Canada’s Business Development bank dedicated to supporting Canadian entrepreneurship with a focus on small and medium-sized businesses.
