Eugene Frey, the last chairman and CEO of Waldorf Corp., will receive the 2001 John F. Cade Entrepreneurial Award from the University of St. Thomas John M. Morrison Center for Entrepreneurship.
Frey will receive the award at the center’s 12th annual Entrepreneurs Award Dinner Thursday, April 5, at the Marriott City Center Hotel in Minneapolis.
The Cade award is given annually and was established in memory of a 1970 St. Thomas graduate who died in a 1986 airplane crash. At the time, Inc. magazine ranked his 6-year-old Cade Industries 18th of the top 100 fastest-growing companies in the United States. The award recognizes outstanding entrepreneurial attributes, contributions to the community, ethical standards and integrity.
Frey had been with Waldorf and its predecessor companies for 43 years. He began his career in 1954 selling corrugated boxes for the company. In 1985 he led a management buyout and became principal founder of the new Waldorf. It became one of the nation’s leading paper recyclers, with 2,200 employees in three mills and seven carton facilities in the United States and Canada. Waldorf was sold in 1997 to Rock-Tenn Co. of Atlanta. Frey now is chairman of Wabash Management Inc.
The Rev. Dennis Dease, president of St. Thomas, will present the Cade Award. Four other awards will be presented that evening. They are:
The Franchise of the Year Award will be presented to Minneapolis-based Great Clips Inc. Accepting the award will be Rhoda Olsen, president. Great Clips was selected for the honor because of the overall high quality of its franchise system, the company’s strong name recognition, its fair franchise agreement, and its strong orientation to the future.
The Emerging Family Business of the Year Award will be presented by the St. Thomas Center for Family Enterprise to Park Industries of St. Cloud. Tom Schlough, president and owner, will accept the award on behalf of his family. Park Industries manufactures machine tools for natural stone fabrication and has more than 100 employees.
The Multigeneration Family Business of the Year Award will be presented by the Center for Family Enterprise to Mason Shoe Manufacturing of Chippewa Falls, Wis. The Scobie and Lubs families, the company’s owners and operators, are direct descendants of founder Bernard Mason. The custom shoe manufacturer and distributor has been in business since 1904.
The two Family Enterprise awards are based on business leadership, participation of multiple generations, community involvement, support of family-business education, and involvement in St. Thomas.
The Pentair Prize, a $5,000 scholarship provided by the Roseville-based manufacturer of industrial products, will be awarded to Casey Clement of Bismark, N.D. His house-painting franchise, CJC Enterprises, had solid profits since its first year of operation and won national awards from its franchiser in 1999 and 2000. Clement is a junior majoring in entrepreneurship.
The Willis Drake Young Entrepreneurs Scholarship Award will be presented to Grant Wright of Plymouth. Wright attends Wayzata High School and will be a freshman at St. Thomas this fall. His business ventures have centered on his interest in music.
The evening also will feature the induction of 18 undergraduate and graduate students into the university’s Practicing Entrepreneur’s Group.
For more information about the dinner, call the Morrison Center for Entrepreneurship at (651) 962-4400.