MERGERS AND ACQUISITIONS

Ewald Consulting, St. Paul, has acquired Roseville-based Office Enterprises Inc., an association management firm with nine employees.

Patterson Companies Inc., Mendota Heights, through its Webster Veterinary Supply unit, has acquired Columbus (Ohio) Serum Co., a distributor of companion-pet veterinary supplies, equipment and pharmaceuticals, with sales of about $166 million in 2007. Serving veterinarians in Midwest and mid-Atlantic regions, Columbus Serum will strengthen Webster's position in those markets.

DEBT AND EQUITIES

Lakes Entertainment Inc., Plymouth, said that Tim Cope, president and chief financial officer, is exercising options and selling shares in compliance with a 10b5-1 plan executed in June, adopted under rule 10b5-1 of the Securities Exchange Act of 1934 and Lakes' Insider Trading Policy. The plan's purpose is to let Cope exercise the rest of a 1999 option grant before it expires Jan. 4. By then, Cope plans to have exercised options and sold a total of 360,000 shares.

PERFORMANCE

G&K Services Inc., Minnetonka, said it will act to reduce expenses in light of the difficult economic environment and has established reserves for certain matters. The company has closed or plans to close three processing plants and two branch locations, reduce employment at U.S. and Canadian corporate locations, and outsource some plant functions. As a result, G&K Services will incur severance, facility closure and operational costs of about $2.5 million. The result will be annualized pretax savings of about $3.5 to $4.5 million. Revenue related to closed plant and branch locations will transfer to other company facilities to increase plant and route efficiencies.

Datacard Group, Minnetonka, said it will consolidate the manufacturing and development operations of its St. Louis facility into the Minneapolis-area plant, leading to closure of the St. Louis facility. The consolidation will be complete by the end of March 1999, the company's fiscal year.

Regis Corp., Edina, reported that consolidated revenue increased 1.9 percent in the first fiscal quarter of 2009 to $680 million, compared with $668 million a year ago. First-quarter total same-store sales decreased 1.6 percent, falling below the previously issued guidance of plus or minus 1 percent.

PERSONNEL MOVES

CVRx Inc., a Minneapolis-based private medical device company, has elected Joseph Slattery to its board of directors. He'll chair the audit committee. Slattery previously was senior vice president and chief financial officer of Digene Corp.

Blue Cross and Blue Shield of Minnesota, Eagan, has named Patrick Geraghty president and CEO, succeeding Mark Banks as CEO. Geraghty most recently served as senior vice president of the service division of Horizon Blue Cross Blue Shield of New Jersey, a health plan with 3.6 million members.