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.
Manufacturing
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.
From tactical vehicles for armies to off-road ambulances in India, Polaris is adding products at home and aboard, and it reported a record-breaking third quarter.
Stratasys Ltd. continues its string of mergers and acquisitions as it reinforces its presence in Japan.
3M’s investment arm has purchased a minority stake in Takadu, a tech company that uses algorithms to identify problems in water systems.
Minnesota companies are closely watching ongoing deal discussions in Washington, D.C.
Proto Labs, Clearfield, Winmark, Datalink, Northern Oil and Gas, and Select Comfort made Forbes’ latest list.
Minnesota moved up Forbes’ best business states list, driven largely by its high scores in quality of life measurements.
The acquisition of MakerBot, a deal worth at least $403 million, allows Stratasys to market to “home hobbyists.”