3M released its 2014 earnings outlook and said it plans to spend between $5 billion and $10 billion on acquisitions over the next five years.
Manufacturing
In addition to the newly announced offices, Minnesota also has plans for a foreign trade office in Germany and has already established an office in China.
AGCO created a video touting its new tractor assembly operation in Jackson, MN. (See below)
Mosaic, which spun off from Cargill in 2004, said that it reached a deal to acquire 43.3 million restricted shares from the Margaret A. Cargill Foundation and the Anne Ray Charitable Trust.
Imagine! Print Solutions acquired Classic Graphics to form what it calls one of the largest privately owned commercial printers in the country.
ConAgra Foods, one of the companies involved in the large-scale merger, cited an “ongoing regulatory review process and discussions with the U.S. Department of Justice” as reasons for the delay.
Uponor, a Finnish plumbing and indoor climate systems manufacturer, has added 75 jobs in Apple Valley this year and expects its latest expansion to lead to additional hiring.
The company reportedly told employees that the Fairmont plant will close its doors at the end of January, although it’s unclear how many workers are affected.
A new report states that there were 31 business expansions announced during the most recent quarter—bringing the tally to 112 during the first nine months of 2013.
3D printing giant Stratasys filed its first patent infringement lawsuit Monday against fellow Minnesotan company Afinia.
3M, which was among a group that in 2011 invested in Ecovative Design, has increased its investment by an undisclosed sum.
U.S. Pipe hopes to expand its Midwest footprint with its first acquisition in Minnesota.
Olympus Surgical Technologies America plans to begin construction on a $37 million R&D and manufacturing facility by the end of the year.
A jury sided with Willmar-based Relco after two former employees allegedly used confidential company information after moving to a competitor.
Mosaic, one of Minnesota’s 10 largest public companies, said its revenue fell almost 30 percent last quarter; its stock, meanwhile, has dropped nearly 20 percent in 2013.
CVRx raised $12 million in its latest round, bringing its total investments to $251 million since the company was founded in 2001.
Sappi Fine Paper has successfully converted its Cloquet paper mill into a producer of pulp used in textiles.
The recreational vehicle company’s stock dropped more than 15 percent Thursday morning after its earnings fell well-below Wall Street expectations for the company's second quarter.