In a significant development for the heavy-duty aftermarket industry, FleetPride, Inc., the United States’ largest independent distributor of aftermarket heavy-duty parts and services, has announced the acquisition of the assets of Wheelco Truck & Trailer Parts and Service. This acquisition is poised to significantly bolster FleetPride’s operational capabilities and service offerings across South Dakota, Minnesota, […]
In the early hours of Sunday, Burnsville, Minnesota, was rocked by a horrific event that claimed the lives of two dedicated police officers and a brave firefighter. Governor Tim Walz described the incident as “horrific news” after the responders were fatally shot while attending to a “call of a family in danger.” This tragedy underscores […]
In a significant move in the defense industry, the Czechoslovak Group (CSG) has disclosed a definitive agreement, marking its intent to buy Vista Outdoor Inc.’s Sporting Products enterprise for a comprehensive value of $1.91 billion. This acquisition, based on 5x Fiscal Year 2024E EBITDA including predicted standalone expenses, propels CSG in its commitment to foster […]
TreeHouse Foods, Inc. (NYSE: THS) has successfully finalized the sale of its Lakeville, Minnesota manufacturing facility and snack bars business to John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) in a cash transaction valued at approximately $61 million. The Lakeville, MN manufacturing facility played a pivotal role in producing a diverse range of private label […]
Wabtec Corporation has expanded its thermal management portfolio through the acquisition of L&M Radiator, a Minnesota-based manufacturer of heavy-duty equipment radiators and heat exchangers for $230 million. Founded in 1957 and headquartered in Hibbing, L&M Radiator maintains a strong international presence with employees and operations across the United States, Australia, Mexico, and Chile. Dan Chisholm […]
Cummins Inc.’s zero-emissions business segment, Accelera, has commenced operations for electrolyzer production in Fridley, Minnesota, marking its first electrolyzer production facility in the US. The ribbon-cutting ceremony witnessed the presence of Minnesota Governor Tim Walz, US Department of Energy Secretary Jennifer Granholm, and other federal, state, and local officials, emphasizing the growing momentum of the […]
Abbott has closed the previously announced $890 million acquisition of Cardiovascular Systems, Inc. (CSI), which has developed an atherectomy system for the treatment of peripheral and coronary artery disease. As per the terms of the deal announced in February 2023, Cardiovascular Systems’ stockholders were offered $20 per share by Abbott. Cardiovascular Systems, which was trading […]
Cummins, an American engine and alternative power manufacturer, will make an additional investment of over $1bn across its engine manufacturing network in the US. The proposed investment, which aligns with President Joe Biden’s visit to Cummins in Fridley, Minnesota, will focus on upgrading the company’s facilities located in Indiana, North Carolina, and New York. The […]
Butterfly Equity, a US-based investment firm specializing in the food sector, has agreed to acquire Milk Specialties Global, a human and animal nutrition manufacturer, from affiliates of American Securities for an undisclosed amount. The acquisition of Milk Specialties marks Butterfly Equity’s latest investment as part of the equity firm’s “seed to fork” strategy spanning agriculture […]
AMCON Distributing Company, a Nebraska-based convenience distributor, has agreed to acquire Minnesota-based Henry’s Foods for an undisclosed price. Headquartered in Alexandria, Henry’s Foods caters to food service accounts, grocery stores, and convenience stores. The products it supplies are from brands such as Grandma E’s Bakery, DeliMax, Java Classics, Teco’s Tacos, Fresh Pressed Café, and Slammerz […]
