Author’s archive

G&K Services Nets $6.6M In Two Divestitures

G&K Services Nets $6.6M In Two Divestitures

In two separate transactions, the Minneapolis-based uniform manufacturer and facility services provider sold its operations in Ireland and its direct-sale program business to complete restructuring efforts that it began in 2009.
Medtronic Buys Anti-Infection Tech Firm for $160M

Medtronic Buys Anti-Infection Tech Firm for $160M

The Fridley-based med-tech company announced Monday that it purchased New Jersey-based Tyrx, Inc., which manufactures drug-coated “envelopes” that encase implantable medical devices and are meant to prevent infection.
Eagan Co. Sold To Competitor For $820M

Eagan Co. Sold To Competitor For $820M

Call center rivals Stream Global Services and Convergys Corporation are expected to combine in the first quarter of 2014, which would create a company with about 125,000 employees at 135 different facilities.
Bloomberg Ranks MN As 10th-Most Innovative State

Bloomberg Ranks MN As 10th-Most Innovative State

Minnesota appeared on a recent Bloomberg list of states with high concentrations of science, technology, engineering, and mathematics (STEM) workers; research and development spending; public technology companies; and patent approvals, among other factors.

Butcher & The Boar Loses Head Chef And Co-Owner

Twin Cities Business’ sister publication Mpls.St.Paul Magazine reported Thursday that Jack Riebel officially left Butcher & the Boar and sold his ownership shares to the Minneapolis restaurant’s other partners.