Author Archive | Patrick Rehkamp

Henrietta Fore is leaving General Mills Inc.'s board of directors to serve as the executive director of the United Nations Children’s Fund effective Jan. 1, according to a securities filing.

She was named executive director of UNICEF about a week ago....

Henrietta Fore leaves General Mills board for UNICEF post

Henrietta Fore is leaving General Mills Inc.’s board of directors to serve as the executive director of the United Nations Children’s Fund effective Jan. 1, according to a securities filing. She was named executive director of UNICEF about a week ago…. Read more at: Manufacturing News – Manufacturing News Headlines | Bizjournals.com

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Dairy farmers and processors in Minnesota and other states have been hurt by a newly adopted Canadian pricing policy that encourages Canadian dairies to buy certain types of milk products from Canada.

The product in the trade dispute is a milk-protein...

Dairy dispute with Canada could impact Minnesota milk producers

Dairy farmers and processors in Minnesota and other states have been hurt by a newly adopted Canadian pricing policy that encourages Canadian dairies to buy certain types of milk products from Canada. The product in the trade dispute is a milk-protein… Read more at: Manufacturing News – Manufacturing News Headlines | Bizjournals.com

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<img src="https://media.bizj.us/view/img/845291/kenpowellgeneralmillsmn*100xx711-710-482-130.jpg">Former General Mills Inc. CEO Kendall Powell received $9.2 million in his last year on the job. That represented a 17 percent drop in compensation, according to a disclosure the company recently released.

Powell stepped down at the end of May and was replaced by Jeff Harmening, effective June 1, the company announced.

Harmening had been the company's president and chief operating officer since July 1, 2016, and joined the company in 1994. Powell will continue to serve as chairman of the board for…<div>
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Kendall Powell’s compensation dipped in last year as General Mills CEO

Former General Mills Inc. CEO Kendall Powell received $9.2 million in his last year on the job. That represented a 17 percent drop in compensation, according to a disclosure the company recently released. Powell stepped down at the end of May and was replaced by Jeff Harmening, effective June 1, the company announced. Harmening had […]

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<img src="https://media.bizj.us/view/img/5918901/holt-vicki-dsc5915*100xx1129-1125-824-720.jpg">Proto Labs has added Hewlett-Packard's multi-jet printing technology in an attempt to speed up its 3-D printing and manufacturing business by as much as ten times.

The Maple Plain-based company that provides rapid manufacturing of low-volume 3-D printed items and molded parts began testing the machines a year ago, according to the Star Tribune.

Hewlett-Packard's new 3-D printer is gaining the attention of manufacturers since it quickly fuses nylon powder into solid parts with the help of one sweeping…<div>
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Proto Labs partners with Hewlett-Packard

Proto Labs has added Hewlett-Packard’s multi-jet printing technology in an attempt to speed up its 3-D printing and manufacturing business by as much as ten times. The Maple Plain-based company that provides rapid manufacturing of low-volume 3-D printed items and molded parts began testing the machines a year ago, according to the Star Tribune. Hewlett-Packard’s […]

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<img src="https://media.bizj.us/view/img/10558347/169-business-center-spec-industrial37131000x667*100xx667-667-167-0.jpg">Staging Concepts, a maker of modular and architectural railing systems for commercial and multifamily structures, was sold to Trex Co. Inc. for $71.5 million, the companies announced recently.

Brooklyn Park-based Staging Concepts is projected to have roughly $56 million in revenue this year and the company's 150 employees in Minnesota will not be affected by the sale, according to a spokesperson.

Winchester, Va.-based Trex, which makes composite low-maintenance decking and railing material, reported…<div>
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Brooklyn Park-based Staging Concepts sold for $71.5 million

Staging Concepts, a maker of modular and architectural railing systems for commercial and multifamily structures, was sold to Trex Co. Inc. for $71.5 million, the companies announced recently. Brooklyn Park-based Staging Concepts is projected to have roughly $56 million in revenue this year and the company’s 150 employees in Minnesota will not be affected by […]

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<img src="https://media.bizj.us/view/img/8444382/john-gross*100xx384-384-0-16.jpg">Mark Gross, the president and CEO of Supervalu Inc., received roughly $4.7 million in the company's fiscal year 2017 (its most recently completed fiscal year). That's up almost $1 million from fiscal 2016, according to a company filing. The main driver of the increase was the $3.5 million in stock awards he received (other forms of compensation were down, which is why his total increase was only about $1 million.)

Supervalu has been active as of late and more news may be coming.

Recently, it bought…<div>
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Supervalu CEO Mark Gross received roughly $1 million raise in 2017

Mark Gross, the president and CEO of Supervalu Inc., received roughly $4.7 million in the company’s fiscal year 2017 (its most recently completed fiscal year). That’s up almost $1 million from fiscal 2016, according to a company filing. The main driver of the increase was the $3.5 million in stock awards he received (other forms […]

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<img src="https://media.bizj.us/view/img/10361330/best-dsc9861*100xx4560-4560-1240-0.jpg">The acquisition of Valspar Corp. by Cleveland-based Sherwin-Williams Co. is complete, according a filing released today, more than a year after the paint companies first announced merger plans

The merger, which marks the loss of a large public company here, was delayed several times to satisfy regulators overseeing the deal. Valspar recently sold off an industrial-coatings business to Axalta Coating Systems for $420 million to help facilitate the deal.

It's unknown what the deal will mean for employment…<div>
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Sherwin-Williams closes on deal for Valspar

The acquisition of Valspar Corp. by Cleveland-based Sherwin-Williams Co. is complete, according a filing released today, more than a year after the paint companies first announced merger plans The merger, which marks the loss of a large public company here, was delayed several times to satisfy regulators overseeing the deal. Valspar recently sold off an […]

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