Matt Sjoberg is courting Atul Thakrar's business.
Sjoberg, veteran director of business development for the Iron Range Resources & Rehabilitation Board (IRRB), last week was pitching an Iron Range location for a third plant that likely will be announced later this year by the CEO of Segetis.
Golden Valley-based Segetis, which raised $25 million in a fourth round of venture capital last year, is a growing "green chemistry" company that develops and manufacturers plant-based resins that replace petroleum used in commercial cleaning solutions, plastics and synthetics.
Thakrar, the four-year CEO who arrived at Segetis after 25 years mostly in the chemical industry, said during a brief conversation last week that he needs to add more production space on top of the company's 40-person Golden Valley operations center and pilot plant, and a plant in western Wisconsin. The orders are coming and Segetis expects to announce a decision by year-end.
Sjoberg was waving the northeastern Minnesota flag at a conference on public-private partnerships at the University of St. Thomas sponsored by the Collaborative, a nonprofit that brings together financiers, dealmakers and growing companies. Sjoberg and Thakrar huddled during a conference break. Segetis is being pursued by a number of localities in several states and Canada.
Gary Halleen, CEO of API Outsourcing, and Bob Menne, president of Premier Plastics, which operate plants on the Range, praised their northeastern Minnesota workforces and the IRRB, a regional economic development agency charged with diversifying the Range economy using funds from a taconite production tax.
robotics alley acquired by event group
The Event Group, a Minnesota-based event management and marketing firm, has acquired the fast-growing Robotics Alley Conference (www.roboticsalley.org).
Andrew Borene, an executive of ReconRobotics who was overseeing Robotics Alley as a division of the company, said the decision was made to sell the trade group operation for an unspecified sum because of its growth and success. The Event Group already operates the LifeScience Alley Conference and the Cyber Security Summit, "two events which consistently bring international attention to Minnesota's leading businesses," Borene said. "They will take the Robotics Alley Conference to new heights."