Capital Safety, which employs about 400 at a plant in Red Wing, is moving its corporate headquarters from London to the Twin Cities.
Manufacturing
Mocon has signed an agreement to purchase a Denmark-based company that makes equipment for packaging; the deal will boost Mocon's annual revenue to $56.7 million.
Meat exports from Minnesota companies jumped 84 percent in the fourth quarter of 2011, while exports of oil and iron ore products also grew significantly.
Don’t think sci-fi: ReconRobotics creates guidable, pocket-size robots for the military and law enforcement.
Shares of Maple Plain-based Proto Labs closed Friday at $29 per share-an 81 percent jump from its Thursday evening IPO price of $16 per share-and are still trading up; the news comes at a time when many Minnesota companies are reportedly doing well in the stock market.
The manufacturing giant, in partnership with a large natural gas producer, intends to develop less-expensive, higher-performance, lighter, and higher-capacity fuel tanks-which it hopes will jump-start the market for natural gas-fueled vehicles.
It may not have the status of “industry,” but it’s more than a scene. How making posters became a business in the Twin Cities.
The manufacturing giant has reportedly agreed to buy Brazil-based food company Yoki, a move that marks its return to producing packaged foods within the country.
Steve Eastman, who left Target in October, will lead Polaris' parts, garments, and accessories business.
Minnesota manufacturers are reportedly hiring for highly skilled positions, but they can't find qualified employees-and some say it's because they are not offering high enough salaries.
Despite escalating costs for all concerned, American Crystal Sugar is operating without 1,300 unionized factory workers locked out six months ago. Upping the ante, the union threatens to pull support for the Farm Bill, which in turn could hurt the entire sugar industry.
Minnesota's unemployment rate dropped another 0.2 percent in December to reach 5.7 percent, as the state added 7,900 jobs.
The Moorhead-based company-which reported a 28 percent decline in net proceeds for its most recent quarter-described a recent union offer as a "publicity stunt."
Due to shortage of skilled manufacturing workers, MPS Technical-a staffing agency that serves the manufacturing industry-saw record revenue growth in 2011.
The local company will be sold by Minneapolis-based private equity firm Goldner Hawn Johnson & Morrison to Pittsburgh-based RTI International Metals.
An estimated 38.9 million tons of iron pellets were produced by the state's mining operations in 2011, up from 35.1 million tons in 2010 and up dramatically from 17.1 million tons in 2009.
Plymouth-based Mosaic reached an out-of-court settlement with Potash Corporation of Saskatchewan; under the terms of the agreement, Mosaic's contract to supply the company with potash will expire at the end of 2012.
Proto Labs is offering discounted prototyping and short-run production services to two companies through its "Cool Idea!" program-one product comes from a local company that hopes to change how the life sciences industry stores tissue samples, the other from a Pennsylvania inventor who designed a sander that vacuums drywall dust.