The Week's Top Business Stories
From the editors of Twin Cities Business:
Proto Labs Enters 3D Printing Market With $38M Deal
FineLine Prototyping will retain its current facility in Raleigh, North Carolina, and Proto Labs will keep on the acquired firm’s leaders.
Med-Tech Firm Receives FDA Warning Over Minnetonka Plant
The FDA sent a warning letter to American Medical Systems, identifying issues related to “process validation, risk analysis, and corrective and preventive action procedures.”
$105M Biotech Facility Lands $21M In Financing
Segetis, Inc., will pay for about 70 percent of its new Iron Range plant and will receive $21.2 million in support from the Iron Range Resources & Rehabilitation Board.
3M’s Profit Climbs 7%, Just Shy Of Expectations
While the diversified manufacturer fell just short of analysts’ expectations for sales and earnings, it saw revenue gains in most areas, led by growth in its health care products.
2 Fastenal Directors, Including Chairman, Retire From Board
Chairman Bob Kierlin, who is often recognized as the visionary behind Fastenal, and Steve Slaggie are retiring from Fastenal’s board.
