Content about Minnesota

August 14, 2014

Manufacturer of kitchen and bathroom cabinetry Norcraft Companies reported sales and earnings gains for its second quarter.

The Eagan, Minnesota-based company posted net sales of $97.6 million, up 8.1% from the previous quarter. It also saw net income increase from $9.1 million to $11.2 million.

July 23, 2014

St. Paul, Minnesota-based EcoWater Systems, a Marmon Water/Berkshire Hathaway company, is transforming how consumers interact with their water treatment systems with the introduction of HydroLink Plus Wi-Fi web-based technology. HydroLink Plus makes it possible to monitor and manage EcoWater water treatment systems and water usage via a smartphone, tablet or computer from virtually anywhere inside or outside the home.

July 11, 2014

Winona, Minnesota-based Fastenal Company reported steady progress for the second quarter of 2014, with sales and earnings both positive.

Net sales for the three-month period ended June 30, 2014 were $949.9 million, up 12.1% from the same period in 2013.

Net earnings came in at $130.5 million, an increase of 7.9% from last year's $121.0 million in earnings.

The company largely attributed the boost to higher unit sales and its recent investment in leadership and training, as well as in distribution and internal manufacturing capabilities.

July 11, 2014

On Thursday, July 10, The Toro Company looked back on a century's worth of farm and ranch innovations during its 100th annivesary celebration.

More than 2,000 employees, retirees, partners and guests came to the company headquarters in Bloomington, Minnesota, including Minnesota Governor Mark Dayton and Bloomington Mayor Gene Winstead.

May 16, 2014

Warroad, Minnesota-based Marvin Windows and Doors launched six new offerings to its contemporary line, including a 90-degree corner window. 

May 12, 2014

A 42-year veteran of Annandale, Minnesota-based Malco Products, Don Schmidt announced his retirement from the company, effective June 26.

Schmidt has held positions as national sales manager, director of sales and promotion, VP sales and marketing and, for the past 18-years, executive VP. 

May 6, 2014

Andersen Corporation is anticipating an $18 million expansion of its manufacturing facility in Bayport, Minnesota, a move that's expected to add 100 full-time jobs to the local economy.

The project will involve improvements on an existing building at its complex and the purchase of new machinery.

Andersen will also get some help from the Minnesota Department of Employment and Economic Development (DEED), which will award the company $625,000 from the Minnesota Job Creation Fund provided it meets its performance goals.

April 18, 2014

Integrity Composites, the manufacturer of DuraLife Decking and Railing, signed a distribution agreement with Rochelle, Ill.-based Cedar Siding Inc. to distribute their products in Illinois, Iowa, Indiana, Michigan, Minnesota, and Wisconsin. 

April 11, 2014

Winona, Minn.-based Fastenal Co. reported net sales of $876.5 million in the first quarter ended March 31, an increase of 8.7% over the same period last year. 

Net earnings increased 2.6% to $111.9 million. 

April 11, 2014

Weyerhaeuser Distribution is buffing up its James Hardie fiber cement siding offerings at its St. Paul, Minn. location. 

The distribution center will now carry the full line of SKUs, which includes the addition of ColorPlus technology, a factory-applied finish that lasts up to two times longer and has 30% better fade resistance.

The full line includes HardiePlank siding, HardiePanel siding, HardieShingle siding, HardieSoffit panels, HardieTrim boards and HardieBacker cement board.

April 10, 2014

Orlando, Fla. -- Here at the 2014 Home Improvement Research Institute (HIRI) Spring Conference, Sarah Catlett, VP of The Futures Company, took a high-level, continental look at consumer marketing.

Catlett kicked off the HIRI conference with a quick look at Target's disappointing venture into Canada. The Minnesota-based retailer's efforts to change the way Canadians shop has fallen short, she said, partly because the company missed consumer and cultural cues. 

April 4, 2014

New Ulm, Minn.-based Shelter Products launched a Therma-Tru door line called Elegant Entrys. Shelter Products will be carrying the complete line of entry and patio doors manufactured by Therma-Tru in their Indiana facility.  

Shelter Products says it believes its relationship with the Therma-Tru Door company is unique, and that they will become the premier distributor of this product.  

March 26, 2014

Improved demand for cabinetry propelled Eagan, Minn.-based Norcraft Companies to a fourth-quarter sales increase of 13%.

The maker of kitchen and bathroom cabinetry in the United States and Canada completed its initial public offering in the fourth quarter, in which sales reached $80.5 million.

March 4, 2014

It’s not just Tractor Supply that’s riding a wave of growth in the sector for hobby farmers and backyard ranchers.

This is not an article about Tractor Supply.

But let’s face it. You can’t write about the farm-and-ranch retail sector without referring to the Brentwood, Tenn.-based giant either as a competitor or as a role model.

January 31, 2014

Valspar Corp. has pledged $1 million to the University of Minnesota College of Science and Engineering over the next five years, provided through the Valspar Foundation.

January 23, 2014

RPM International's Rust-Oleum Group has acquired Citadel Restoration and Repair, a St. Paul, Minn.-based floor coatings business.

"Citadel has an outstanding technology platform that we believe can be rapidly expanded in the marketplace by utilizing Rust-Oleum's marketing and distribution expertise," stated Frank C. Sullivan, RPM chairman and CEO. "Patrick Ilfrey, majority owner of Citadel, will continue to lead the Citadel business as part of the Rust-Oleum Group."

January 15, 2014

Industrial products supplier Fastenal reported fourth-quarter net sales of $813.8 million, up 7.5% from $757.2 million in the same quarter last year. But the company didn't grow as fast as it anticipated.

The Winona, Minn.-based company reported net earnings of $99.2 million, up 0.5% from the previous year's quarter.

January 15, 2014

St. Paul, Minn.-based Seven Corners Hardware, which has served hobbyists, homeowners, contractors and other DIY-oriented customers in the Twin Cities and beyond since 1933, will be closing its doors as a result of a real estate deal, said third-generation owner Bill Walsh, whose father and grandfather previously ran the store.

The company retained Tiger Capital Group to direct the sale of its merchandise inventories and other assets. 

December 26, 2013

Winona, Minn.-based Fastenal Co. said it expects to miss the average analyst net earnings expectations for the fourth quarter of 2013 of $0.36 per share.

The company listed three reasons for the miss. First is weakness in the heavy manufacturing component of the business. This weakness first appeared in late 2012, and intensified in recent months, the company said.

November 12, 2013

The Toro Company's PrecisionSense site assessment system received high marks for innovation at the 2013 Tekne Awards, held by the Minnesota High Tech Association (MHTA) at the Minneapolis Convention Center on Nov. 6.

The company took home the 2013 Tekne Award for Agricultural Technology thanks to its use of mobile soil sensing and data collection technology to measure soil moisture, salinity, compaction, plant performance and more -- all aimed at utilizing water and resources more efficiently.

October 14, 2013

Brainerd, Minn.-based Mills Fleet Farm opened its 34th this month with its signature silo in a building previously occupied by Lowe’s in Cambridge, Minn. 

The Lowe’s store closed in August 2011, after opening in August 2009. 

October 2, 2013

HCN congratulates the 50 hardware store, home center and farm & ranch retailers who made the annual HCN Hardware Store All-Star list.

Now in its third year, HCN's annual list of high performers recognizes hardware stores -- one from each state -- that are outstanding in their field. The complete list and analysis can be found in the September issue of HCN. Meanwhile, HCN Daily will work its way across the country with mini profiles, continuing this week with North Dakota, South Dakota and Minnesota.

September 29, 2013

The 2013 ProDealer Industry Summit slated for Nashville Oct. 23-25 will include a panel presentation on the business of components. 

A panel of pro dealers will share thoughts on best practices that govern truss and other component operations. 

Assembled on the panel are Chuck Bankston, president of Bankston Lumber, Barnesville, Ga.; Peter Alexander, CEO of BMC, Boise, Idaho; and Dale Carlson, president of Lyman Lumber, Excelsior, Minn.

The Component business presentation is set for Oct. 25, at 11:00 a.m. 

September 10, 2013

Bart and Diana Tyler, proprieters of Kelloggs & Lawrence in Katonah, N.Y., and DeWayne Tripp, owner of Hinton (Okla.) Hardware joined an elite crowd in 2013: HCN Hardware Store All-Stars. Their stores made the list, along with 48 other worthy retailers, one from each state.

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