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Meanwhile, the plant is undergoing a $50 million upgrade, for which it received several local incentives.
It’s unclear what exactly the future holds for the property, but the new owner reportedly plans to disassemble the plant and will not reopen the paper mill.
Boston Scientific said Tuesday that its fourth-quarter earnings fell 44 percent—and that it will eliminate 900 to 1,000 positions this year in addition to previously announced cuts.
Investors reacted positively to 3M's fourth-quarter and full-year 2012 financial results, sending its stock to a record $99.76 on Thursday.
New Brighton-based Johnson Screens, which makes water treatment equipment and employs 250 people in Minnesota, has agreed to be acquired by Germany-based Bilfinger.
The company previously said it expected to receive such a letter from regulators following the inspection of a manufacturing facility in California.
The medical device giant said it would make improvements to its processes and address specific concerns raised during an inspection of its Sylmar, California facility.
Imperial Plastics reportedly plans to build a 69,120-square-foot facility in Mankato, where it intends to employ 125 people.
Verso Paper, which shuttered its Sartell Paper mill following a fire that killed one worker, has reportedly paid a $39,200 fine after being cited for two violations by the Occupational Safety and Health Administration.
Appert’s President Joe Omann said that Sysco plans to retain the company’s 300 workers, and being acquired by an industry leader will likely lead to additional growth in Minnesota.
Target Field Legends Club - Carew Atrium
June 06, 2013
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