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Dee DePass

Reporter | Manufacturing
phone: 612-673-7725
Dee DePass covers the manufacturing industry for the Star Tribune with an eye toward new products and technology, job growth and distribution developments in Minnesota.
Recent content from Dee DePass
Pentair PLC beats 2Q expectations but narrows guidance for year

Pentair PLC beats 2Q expectations but narrows guidance for year

Energy business becoming more predictable, but ag sector is still a problem.

Proto Labs stock plunges 13 percent on second-quarter profit miss

Slow U.S. industrial growth and higher expenses hurt quarter.
3M beats profit expectations for 2Q but misses on revenue

3M beats profit expectations for 2Q but misses on revenue

Earnings per share hit record, while sales sag in electronics/energy and industrial.

Wagner SprayTech Corp. to expand in Plymouth

Wagner SprayTech Corp. is undertaking an $8.4 million expansion of its Plymouth headquarters and factory that is expected to create 66 new jobs, state officials…
Minneapolis-based Graco stock plunges after double-digit profit drop in second quarter

Minneapolis-based Graco stock plunges after double-digit profit drop in second quarter

Pump and sprayer maker said profits were hurt by lower oil sales and new expenses.
Polaris profit falls 29.4 percent but it beats analysts' expectations

Polaris profit falls 29.4 percent but it beats analysts' expectations

Product recall costs hurt profits, but sales rose slightly.

Select Comfort's second quarter beats earnings expectations but misses on sales

Bedmaker still feeling impact from ERP computer installation
Toro Co. promotes Richard Olson to role of CEO

Toro Co. promotes Richard Olson to role of CEO

Richard Olson will succeed Michael Hoffman, who will remain as board chairman.
For Ecolab, supplying small brewers pays off big

For Ecolab, supplying small brewers pays off big

For sanitizing chemical giant Ecolab, supplying craft brewers has taken off
Essar Steel Minnesota names Matthew Stock its new CEO

Essar Steel Minnesota names Matthew Stock its new CEO

In naming a new top executive in Minnesota, the company repeated its intent to complete the Nashwauk project.
Essar Steel calls mineral lease termination 'invalid'

Essar Steel calls mineral lease termination 'invalid'

Essar Steel Minnesota, which filed for bankruptcy protection last week, said Monday it’s secured a new financing partner and intends to complete its stalled $1.9…
Essar files bankruptcy after Dayton terminates mineral leases on Range

Essar files bankruptcy after Dayton terminates mineral leases on Range

The company has failed to complete a $1.9 billion project on the Iron Range and pay back the state for infrastructure costs.
Essar Steel Minnesota misses deadline to repay state $66M

Essar Steel Minnesota misses deadline to repay state $66M

It's the latest in a long line of shattered deadlines.

Taylor Corp. finalizes purchase of Staples Print Solutions

Deal for Staples Printing Solutions involves about 10 printing facilities.

Polaris Industries recalls another 43,000 off-road vehicles due to fire risk

The action, due to a fire risk, follows a recall that was made in April.
Manufacturing slows in June for both Minnesota and Midwest

Manufacturing slows in June for both Minnesota and Midwest

Lackluster orders contributed to a decline in growth in June for Minnesota and the Midwest.
Ecolab to buy Laboratoires Anios, a French maker of disinfectant products

Ecolab to buy Laboratoires Anios, a French maker of disinfectant products

Laboratoires Anios specializes in products for the health care industry.
Valspar shareholders overwhelmingly approve sale to Sherwin-Williams

Valspar shareholders overwhelmingly approve sale to Sherwin-Williams

Shareholders of Valspar Corp. approved the sale of the paint-making firm to Sherwin-Williams on Wednesday during a special shareholders meeting held in downtown Minneapolis.
New ATEK technology allows manufacturers to connect components to the Internet of Things

New ATEK technology allows manufacturers to connect components to the Internet of Things

New ATEK technology measures fuel-tank levels, moisture and more while saving users time, money and equipment.

Apogee Enterprises beats Wall Street estimates for first quarter, boosts 2017 outlook

Bloomington-based glass company saw a 46 percent profit increase in 1Q.
U.S. attorney moves Starkey lawsuits to federal court

U.S. attorney moves Starkey lawsuits to federal court

U.S. Attorney Andrew Luger has moved two lawsuits against Starkey Laboratories to federal court after a Hennepin County District Court judge denied his motion to stay discovery in the cases.
Judge in Starkey case angrily changes mind on motion for a stay

Judge in Starkey case angrily changes mind on motion for a stay

Saying a tactic caught him by surprise, the judge declined the U.S. attorney's bid for a stay of discovery in three lawsuits over fired Starkey executives.

U.S. Attorney Andrew Luger moves Starkey lawsuits to federal court

Filing came hours after a district judge refused to stay discovery in the wrongful termination cases.
Aggrieved shareholder sues Valspar to stop Sherwin Williams deal

Aggrieved shareholder sues Valspar to stop Sherwin Williams deal

A shareholder has sued Valspar Corp. in an attempt to thwart the paint company's $11.3 billion sale to behemoth Sherwin-Williams.
Pentair and Coca-Cola join to bring clean water, internet service to Rwandan village

Pentair and Coca-Cola join to bring clean water, internet service to Rwandan village

Water filtration manufacturer Pentair PLC joined with Coca-Cola Co. to bring the first "ekocenter" offering filtered water and solar-powered charging stations to an underserved rural village in Rwanda, company officials announced Wednesday.
Iron Range in the running for a $400 million Louisiana-Pacific factory

Iron Range in the running for a $400 million Louisiana-Pacific factory

State officials OK $30 million site-prep subsidy if siding firm builds in Hoyt Lakes.

Arctic Cat wins triple damages in patent infringement case against Bombardier

Federal judge more than tripled amount jury recommended.
3M beats out Google for top workplace for millennials

3M beats out Google for top workplace for millennials

"When you look at Google and Apple and the others, we left them in the dust," 3M CEO Inge Thulin said
M&Ms, Reese's Peanut Butter Cups and Oreos would not be as filling without Graco

M&Ms, Reese's Peanut Butter Cups and Oreos would not be as filling without Graco

Graco, known for industrial pumps and sprayers, has quietly built a business empire with food makers.
Cliffs Natural Resources' 10-year deal with ArcelorMittal could help Iron Range

Cliffs Natural Resources' 10-year deal with ArcelorMittal could help Iron Range

The new 10-year contract involves 7 million to 10 million "long tons" of iron ore.
U.S. attorney asks state court to halt discovery in Starkey lawsuits

U.S. attorney asks state court to halt discovery in Starkey lawsuits

He asked a state court to pause pretrial discovery to "preserve the integrity" of separate federal inquiry.

Patterson's animal supply division boosts quarterly sales

An acquisition last year in the animal supply sector was an important factor.
Minnesota Power agreement another step in Cliffs Natural Resource's restructuring

Minnesota Power agreement another step in Cliffs Natural Resource's restructuring

The 15-year deal with Minnesota Power includes $31 million in cash.
Valspar misses 2Q sales and profit expectations

Valspar misses 2Q sales and profit expectations

Foreign currency exchange rates and lower paint sales were factors.

Lifelong learner who fought in Iwo Jima valued every soul

Richard D. Howell Sr. lived just the way he ran track — steady, fast and proud. The 89-year-old south Minneapolis native had just won the…
Despite difficult year, manufacturers dominate the Star Tribune 100 list

Despite difficult year, manufacturers dominate the Star Tribune 100 list

Manufacturers dominated the Star Tribune 100 list of public companies, comprising a third of the state’s heftiest revenue generators in 2015. 3M and General Mills…
Toro beats analysts' profit expectations in second quarter

Toro beats analysts' profit expectations in second quarter

With inventory built up after a mild winter and cold spring, the firm has lowered its guidance.
Bennett Morgan retires as president at Polaris

Bennett Morgan retires as president at Polaris

The company doesn't plan to replace Morgan, who spent 29 years with the company.
3M Co. named official 'science partner' to the Vikings

3M Co. named official 'science partner' to the Vikings

The Minnesota Vikings have named 3M Co. the team’s official “science partner.” As part of the 10-year deal announced Tuesday, a 4,800-square-foot banner bearing 3M’s…

Dentists sue 3M alleging defective crown materials

The suit claims that materials debonded in the mouths of patients.

A much-downsized Imation will go forward as a holding company

The nearly dissolved Imation Corp. announced Tuesday that it will operate in the future as a holding company with a single California-based subsidiary that focuses…
3M touts R&D at company's annual meeting in Austin, Texas

3M touts R&D at company's annual meeting in Austin, Texas

The Austin, Texas, event was only the third held outside Minnesota.

Stratasys beats Wall Street estimates with adjusted earnings

The maker of 3-D printers also reported adjusted earnings in the black.

Ninety percent of Minnesota factory leaders confident about business prospects

Those surveyed say they worry about the economy but learned lessons in the recession to help in downturns.
Ecolab suffered first-quarter sales and profit declines but still beat Wall Street's profit expectations

Ecolab suffered first-quarter sales and profit declines but still beat Wall Street's profit expectations

Ecolab Inc. beat profit expectations but saw first-quarter sales and profits dip as oil chemical sales fell and negative currency exchanges pinched results, company officials…

Report: Minnesota manufacturing continues to struggle

Widely watched Creighton University survey finds Midwest sector lackluster for April.
Select Comfort stock jumps as company beats Q1 expectations

Select Comfort stock jumps as company beats Q1 expectations

Company upholds its forecast for full year 2016 despite signaling industry headwinds.
Regis Corp. stock down 15 percent after reporting third-quarter loss

Regis Corp. stock down 15 percent after reporting third-quarter loss

The results missed analysts' expectations, and the stock took a hit.

Cliffs turns a profit and announces Northshore Mining will reopen this quarter

Cliffs said it will start in June, and United Taconite will begin later this year.

Proto Labs sees bump in sales but misses Wall Street expectations

Maple Plain contract manufacturer saw a slowdown in industrial production orders.
Softer electronics sales hurt 3M results

Softer electronics sales hurt 3M results

Three of 3M's five units saw organic sales gains. The electronics and energy unit was hurt by a big drop in consumer electronics sales.
Tennant's sales and profits slip slightly in first quarter

Tennant's sales and profits slip slightly in first quarter

The company's newer products made up more than 35 percent of sales.
Rural Minnesota factories work overtime to fill jobs

Rural Minnesota factories work overtime to fill jobs

Businesses are paying for housing, education even buying other companies to find workers.
Profits for Polaris plunge after sales drop and recall costs rise

Profits for Polaris plunge after sales drop and recall costs rise

Executives stuck to their forecast of sales and profits under pressure throughout 2016.

Taylor Corp. to buy Staples printing facilities

The purchase means Taylor Corp. is acquiring the assets of one of its largest customers.

Graco misses analyst expectations for first quarter

Sales in Europe and Asia were strong but not enough to offset U.S. declines.
Valspar CEO could see $38 million payday from sale to Sherwin-Williams

Valspar CEO could see $38 million payday from sale to Sherwin-Williams

Change of control agreements apply to top executives who leave the combined company within two years.
Waconia sod farmer creates sandals so wearers can stomp messages in sand

Waconia sod farmer creates sandals so wearers can stomp messages in sand

A Waconia sod farmer has teamed with an industrial manufacturing pro to create Sand Traxx sandals with interchangeable letters.
Valspar filing includes severance details related to Sherwin-Williams merger

Valspar filing includes severance details related to Sherwin-Williams merger

Valspar workers will receive between 12 and 36 weeks of pay if laid off after Sherwin Williams' $11.3 billion purchase is completed.
Dayton issues new deadline and ultimatum to Essar Steel Minnesota

Dayton issues new deadline and ultimatum to Essar Steel Minnesota

Steel company has two months to repay debts or leases will be terminated.

Fastenal first-quarter profits drop, miss Wall Street expectations

The Winona-based company said it will be slowing hiring until conditions improve.
Apogee Enterprises almost hits $1 billion mark in sales

Apogee Enterprises almost hits $1 billion mark in sales

The Bloomington glass company has forecasted passing that mark in 2016.
Essar Steel misses another deadline to pay Minnesota back

Essar Steel misses another deadline to pay Minnesota back

This time, the steel company fails to pay Minnesota $10 million it promised in December.

Vadnais Heights-based H.B. Fuller to buy Australian adhesives company

Deal will fortify Asia Pacific operations, company says.
Minnesota manufacturing barely grows in March

Minnesota manufacturing barely grows in March

Minnesota manufacturers barely grew in March, and the pace of growth slowed so much that the state is performing worse than half of its regional…
Ex-auto mogul Denny Hecker to be released from prison 1 year early

Ex-auto mogul Denny Hecker to be released from prison 1 year early

The Federal Bureau of Prisons said Denny Hecker, incarcerated since 2010 for defrauding auto lenders and the U.S bankruptcy court, will be released in 2018 instead of 2019 without specifying why.
3M reaffirms 2016 earnings guidance, sets 5-year goals

3M reaffirms 2016 earnings guidance, sets 5-year goals

Stock falls as investors look for more but company expresses confidence.

H.B. Fuller in Vadnais Heights exceeds 1Q earnings expectations

Strong sales and lower raw material costs boosted the adhesives maker.
Cliffs CEO says United Taconite should reopen this year

Cliffs CEO says United Taconite should reopen this year

United Taconite plant and mine in Forbes and Eveleth will reopen later this year.

Acme Brick Co. to close Springfield and Edina brick facilities for good this year

Officials say that market conditions for brick have failed to recover.
Valspar's stock bolts on news that it will be bought by Sherwin-Williams

Valspar's stock bolts on news that it will be bought by Sherwin-Williams

Shares rose nearly $20 on the news Sherwin-Williams will buy the firm, but long-term effects here aren't clear.
Minnesota Job Creation Fund incentives program doubled rewards in 2015

Minnesota Job Creation Fund incentives program doubled rewards in 2015

Determined to keep employers expanding in Minnesota, not elsewhere, the state has promised more than $25 million to companies over the past two years.
New Starkey hearing aid will help people not to miss a beat

New Starkey hearing aid will help people not to miss a beat

A new Starkey hearing aid called the Muse is designed to bring full music sound to the ears of baby boomers and others.
Gymnastics continue in Starkey wrongful termination lawsuits

Gymnastics continue in Starkey wrongful termination lawsuits

The federal court approved a move after fired executive Jerry Ruzicka dropped an ESOP claim against the company.
Cliffs will restart North Shore plant, recall 540 workers

Cliffs will restart North Shore plant, recall 540 workers

Cliffs will restart one of its taconite plants and recall 540 workers laid off in January.
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