HexFuel plans to have 150 employees at a new Hastings plant and might double that headcount within several years.
Manufacturing
Polaris said the acquisition of the powersports accessories manufacturer will bolster its growing parts, garments, and accessories business.
The 3D printing giant said it will purchase Solid Concepts, Inc., for up to $295 million but didn’t disclose Harvest Technologies’ purchase price.
Five companies are dipping into a newly approved fund that the state is using to encourage businesses to boost local job growth and investments.
TRW Automotive said that a contract it recently landed is driving its expansion in Minnesota.
Claiming to have the majority market share of its industry, American Surplus and Manufacturing is opening a new facility in Pine River that it said will bring 20 jobs to the city.
The fourth-quarter expansions brought the annual total to 146 in Minnesota, which are expected to create nearly 8,000 jobs in the state.
3M ranked 23rd and Target 29th, although both fell several spots from last year’s list.
Bloomberg News reported that the Minnesota company is working with Goldman Sachs to sell some of its business units piecemeal.
Despite new challenges, the industry is seeing substantial growth and renewed investment activity.
The semiconductor equipment manufacturer recently adopted a shareholder rights plan in an attempt to pay lower income taxes by “carrying over” its $76 million in losses.
Vascular Solutions reached a settlement agreement, resolving a whistleblower lawsuit that drew the attention of Texas’ U.S. Attorney’s Office.
While Buffalo Wild Wings saw a 25 percent increase in profit and C.H. Robinson saw a 65 percent decrease, the price of both companies’ stocks dropped Wednesday.
A proposed manufacturing plant in Superior, Wisconsin, which would reportedly tap iron ore from Minnesota’s Iron Range, could eventually employ about 100 people.
Precision Associates recently bought a majority stake in MMI Precision to help broaden its capabilities for medical device customers—and it’s already eyeing growth for MMI.
Don Ness celebrated his 40th birthday on Thursday by accepting the Person of the Year award for his outstanding leadership in strengthening Minnesota’s economy and culture.
There is huge demand for welding skills in Southwestern Minnesota.
Afinia is pushing back against 3D-printing giant Stratasys, which claims in a lawsuit that Afinia is infringing on four of Stratasys’ patents.