The Medford company has sold its 132,398-square-foot greenhouse to Equilibrium Capital Sustainable Investment, but will then lease back the space, and double its size. The transaction will not impact current employees.
Agriculture
The food delivery company has become a national player, but does it have the right strategy to dominate?
Five years of weak prices for corn and wheat—and now a trade war—are taking a toll.
Terms of the deal were not disclosed, but the facility’s roughly 200 employees will maintain their positions.
The FDA says it’s safe to eat most romaine lettuce again—but will you? Skyway salad spots say the impact of the recall will be tough to overcome.
Barbecue purveyors in the Twin Cities say yes.
After seven years under Connecticut-based private equity firm Brynwood Partners, the St. Paul candy business known for the Salted Nut Roll expects to benefit from Minneapolis-based Spell Capital’s familiarity with the region and company.
The limited-run flavor was launched recently as part of a campaign to lend publicity and financial support to four justice-based organizations, including Minnesota’s Honor the Earth, which is battling the Enbridge pipeline.
In the deal with South Korea-based food and bioengineering business CJ CheilJedang, the Bloomington-based, family-founded Schwan’s will retain 20 % ownership, full ownership of its home service division, and headquarters and leadership team.
Even if the market for industrial hemp becomes viable, a green revolution isn’t likely to result from mass production of the crop.
If approved, the ballot measure would eliminate the boundaries that restrict liquor to restaurants within seven acres of commercially-zoned areas, better known as the “the 7-acre rule.”
The tech enables farm staff to herd cattle from a greater distance, improving both animal and employee welfare.
Restaurateur Kim Bartmann believes another investor could help to drive growth in her restaurant portfolio.
If the transaction is approved, Sonic will join Inspire Brand’s portfolio of more than 4,700 Arby’s, Buffalo Wild Wings, and Rusty Taco locations worldwide.
Eleven Minnesota craft breweries won 12 awards at the 2018 Great American Beer Festival—by far the highest number of collective wins for Minnesota companies since 2000.
How a Minnesota State Fair staple is utilizing the public to update its facilities after a kitchen breakdown.
The deal involves Shop ‘n Save pharmacies and fuel centers. Divestment comes shortly after announcement that Eden Prairie-based Supervalu will be acquired by United Natural Foods Inc.
The capital, contributed primarily by investors from the Midwest and East Coast, will help accelerate commercialization of Sentera’s drones, analytics platform, and other products.