MERGERS AND ACQUISITIONS Donaldson Co. Inc., Minneapolis, acquired the assets of LMC West, Riverbank, Calif., a manufacturer of industrial dust collection and filtration systems. Terms of the acquisition were not disclosed.
Company news
February 5, 2008 at 3:08AM
DEBT AND EQUITIES Hutchinson Technology Inc., Hutchinson, Minn., said its board of directors has approved a share repurchase program authorizing the company to spend up to $130 million to repurchase shares of its common stock.
NEW PRODUCTS Fair Isaac Corp., Minneapolis, provider of analytics and decision management technology, announced an alliance with High Mark Credit Information Services of India to introduce Fair Isaac's global-standard FICO credit risk scoring technology to Indian lenders.
Four51 Inc., Minneapolis, an e-commerce platform for indirect goods, announced that its latest technology update, Release Seven, has been deployed. It offers seamless integration of the Four51 e-commerce platform and SAP's back-office software for small and midsize companies.
Hearing Components, Oakdale, said Comply foam tips now are available for a variety of earphone brands.
Smead Manufacturing Co., Hastings, released a suite of products for tracking and maintaining property and evidence. SmeadSoft 8.5 allows a law enforcement agency to track every item in property rooms throughout the chain of custody, helping to eliminate missing or mishandled property and evidence.
Northwest Airlines, Eagan, will increase capacity for the 2008 Olympic Games by using the largest aircraft in the Northwest fleet, a Boeing 747-400, to fly to the Beijing Olympics from its hub in Tokyo between July 29 and Aug. 29.
PERSONNEL MOVES Ballistic Recovery Systems has hired Carl Langr as chief financial officer.
Hawkins Inc., Minneapolis, named Kathleen Pepski vice president, chief financial officer, secretary and treasurer effective March 3.
Natural Resource Group, Minneapolis, named Fran Lowell and Randy Duncan principals.
about the writer
Nearly 80% of nonprofits in a new survey said they have less than a year before they face financial distress largely because of declining donations and increasing costs.
