The manufacturer is selling the business as part of “ongoing portfolio management.”
Manufacturing
This week, the company broke ground on a $35 million expansion of its Renewal by Andersen campus in Cottage Grove.
The firm has signed a seven-and-a-half-year lease for office space in the Fifth Street Towers.
The Maplewood-based manufacturer cites an “unstable environment and heightened unrest” among the reasons for the move.
The St. Paul-based company is selling the business to Georgia-based Tiarco LLC.
The Maplewood-based company expects to close on the transaction in 2019’s second half.
Judges dismiss advocates’ concerns as ‘too speculative’
The Maplewood manufacturing company announces a restructuring after a disappointing first quarter.
The company, a subsidiary of Japanese company Daikin Industries, will lease new office space in Plymouth, adding to the 132 new jobs expected to be generated by a planned $40.3 million Faribault facility project.
Not nearly enough people seek gigs in Minnesota's biggest private industry, and that's hindering business.
Approximately 312 disabled Electrolux employees are expected to lose their jobs when the appliance manufacturer’s factory closes at the end of the year.
The build-out and recent addition of 40 workers will allow the company to continue growing, said MDI president Peter McDermott.
The Minnesota-based manufacturing giant will retain M*Modal’s 750 technology-focused employees. By adding the technologies of healthcare products and service provider M*Modal to its inventory, 3M expands its health information systems business.
How the Pentair spin-off is reinforcing company values through design.
Senneca Holdings, which specializes in commercial doors for places like airport hangars and fire stations, plans to lease a 117,000-sqare-foot plant once used by Imperial Plastics.
State-backed wood plant’s development
is nowhere in sight.
Mining is directly responsible for about 0.2 percent of Minnesota’s jobs and less than 3 percent of its economic output.
The sector includes companies that make everything from massive conveyor belts to radiators and air coolers to replacement parts for machines that crush ore to special tools used by miners.