ATK will buy firearm designer and manufacturer Savage Sports, whose parent company, Caliber, is a portfolio business of Minneapolis-based Norwest Equity Partners.
Business + Economy
Thirty ideas for improving St. Paul—ranging from the construction of a “floating museum” to mobile food shelves—are competing for a $1 million prize.
The value of Minnesota’s exports rose $246 million in 2012, an increase of 1.2 percent and enough to set another annual record; the state’s top export category was machinery.
Enstratius is Texas-based Dell’s second Minnesota acquisition in recent years.
Holiday Stationstores purchased seven of its rival’s convenience stores in Rochester and plans additional growth.
CBIZ is expanding its Minnesota footprint with the acquisition of Associated Insurance Agents and its 32 employees.
The Orvis Company purchased Scientific Anglers and Ross Reels from 3M, and plans to maintain the companies’ independence.
Faegre Baker Daniels went from unranked to number 66 on The American Lawyer’s list of the 100 largest U.S. law firms.
The new report also found that the hunting and fishing industries support about 48,000 Minnesota jobs.
"If a business has to go under, I'd prefer that it be a chain," Nancy Breymeier, co-owner of the Amore coffee shop, said.
Packaged juice manufacturer Citrus Systems is moving to a new Hopkins facility that is about double the size of its current location.
Former McKnight Foundation boss Rip Rapson says that Detroit has by no means been totaled.
A recent feasibility study shows that a new convention hotel in Minneapolis would cost about $300 million, and 41 percent of that cost would need to come from public subsidies.
Resort operator Vail Resorts purchased St. Louis Park-based outdoor retailer Hoigaard’s for an undisclosed sum.
Ecolab expects to close on the purchase of AkzoNobel’s Purate business in June.
The longer than usual winter helped boost Polaris' snowmobile sales, although it hurt parts of the company's business that depend on warmer weather, including motorcycle sales.
Software developer Calabrio moved its headquarters from Plymouth to a 30,000-square-foot office in downtown Minneapolis.
TCF Financial CEO Bill Cooper recently told analysts that the company cut 700 branch employees in order to increase efficiency.