The Edina-based company cited the COVID-19 outbreak among its reasons for closure, which will leave 141 people without a job.
Manufacturing
The company hasn’t turned a profit since 2012.
The company expects the cuts to save up to $50 million in 2020.
The acquisition is aimed at supporting Toro’s “growth strategy in the professional market,” says CEO Richard Olson.
After state regulators forced Water Gremlin to shut down over lead pollution concerns, the company has met necessary requirements to return to business.
Spicer-based DI Labs, which already prints parts for 3M and Toro, has rolled out new equipment to help capture business in the medical device industry.
Richard Lock, who has held executive roles in mining projects around the globe, has been tapped to head development of a proposed mine in northern Minnesota.
About a year and a half after Ilan Levin resigned as CEO, the company has found a replacement.
The company says it will give employees 300,000 work hours to volunteer for sustainability-focused projects.
Cleveland-Cliffs will acquire all of the issued and outstanding shares of AK Steel common stock for about $1.1 billion
Food manufacturing, accounting for about 700 firms that make up about 15 percent of all manufacturing jobs in Minnesota and is driven by firms like General Mills held relatively steady through the Great Recession has seen a 4 percent increase in jobs since 2013.
Amid steady growth around the world, the construction equipment maker is expanding a plant in outstate Minnesota and opening a new 'global collaboration center' in downtown Minneapolis.
The TV and comedy icon will use Stratasys’ latest 3D printer to restore and refurbish antique vehicles.
The company will use net profits from selling its Eagan location to invest in a revamp of the business.
The company employs 145 people at the plant, which it has owned for more than a decade.
More than 70,000 people are displaced after the storm devastated the islands’ infrastructure.
Copper-nickel mining could help conquer the climate crisis, supporters say. Is there any weight to that argument?
Ultra Machining Co. is working with the city of Monticello to add a new facility next to its existing operations. The project is expected to add up to 125 new jobs.