Workers at Georgia-Pacific’s Duluth plant were notified Tuesday morning that the facility will shut down at the end of the month.
Manufacturing
Consolidated Container Company plans to acquire Moorhead-based Roffe Container and build a new manufacturing facility in Lakeville, where it will add jobs.
Tokyo Electron Limited has agreed to buy Chaska-based FSI for $6.20 per share in cash—a 53 percent premium over Friday’s closing price.
Minnesota’s solicitor general said 3M waited until “shortly after incriminating testimony” to file a motion to disqualify the state’s legal representation; 3M fired back, saying the firm has a conflict of interest.
The mill’s owner, Verso Paper Corporation, already laid off most of the plant’s workers and has now decided to shutter the mill permanently.
Duluth-based Cirrus Aircraft will produce airframe components for ICON Aircraft’s light sport planes, which can take off and land on water or conventional runways.
The company also raised its revenue guidance for 2012, from about $71 million to between $75 million and $76 million.
WSI Industries said that its 47,000-square-foot expansion will accommodate new machinery and new employees.
The Eden Prairie-based test system maker, which has been under investigation for more than a year, said that the deal must still be approved by the U.S. Department of Justice.
Medina-based Polaris Industries and New Delhi-based Eicher Motors Limited will together form a company and invest about $50 million over the next three years to develop a new line of vehicles for India and other emerging markets.
A tale of two tilapia farms, right here in River City.
NewPage, which employs 285 at its Duluth paper mill, said that the proposed merger “posed significant downside risks to its stakeholders, employees, and business.”
St. Jude Medical claims that a defective device reported to the U.S. Food and Drug Administration last month did not have the same flaw as an older line of devices that was recalled last year.
The recently damaged mill’s future remains uncertain as owner Verso Paper Corporation is still assessing the costs and the processes that would be required if it were to repair the mill.
Maplewood-based 3M said the acquisition of Federal Signal Technologies Group will expand its traffic products business.
Third Wave Systems, Inc., which makes manufacturing software, will use the money to develop technology designed to boost efficiency in factories.
A preliminary assessment of the paper mill, which was damaged by an explosion and fire last month, revealed that it would take several months to repair; but the company that runs it will explore all of its options after the full damage, repairs, and cost are known.
Amid anti-trust concerns, the company had proposed selling some of the liquid finishing businesses that it recently acquired from Illinois Tools Works, but the Federal Trade Commission is seeking public comment on a proposed order that would require it to divest all of them.