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Manufacturing

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Kemin Industries invests equity stake in supplier of hemp, cannabinoid products

Kemin Industries announced Wednesday that it has taken an equity stake in Driftless Extracts, a United States Department of Agriculture-certified organic hemp producer, processor and ingredient supplier. Kemin is entering a supply agreement with Driftless Extracts, …

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Supply chain woes could worsen as China imposes new COVID lockdowns

New York Times: Companies are bracing for another round of potentially debilitating supply chain disruptions as China, home to about a third of global manufacturing, imposes sweeping lockdowns in an attempt to keep the omicron variant …

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All-State Industries acquires Wisconsin-based plastics manufacturer

Blue Sage Capital announced that an affiliate of All-State Industries Inc., a West Des Moines-based leading provider of nonmetallic components for original equipment manufacturers, has acquired Allied Plastics LLC, a thermoformed plastics manufacturer based in Twin Lakes, Wis. Financial …

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ABI survey: Manufacturers optimistic about Q1 sales, capital investment

A majority of Iowa manufacturers expect increased sales and plan to invest in capital expenditures in the first quarter of 2022, according to the latest Iowa Association of Business and Industry Quarterly Business Survey. ABI …

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Biden unveils $1B plan to increase meatpacking competition, lower consumer prices

Des Moines Register: The Biden administration announced today that it will allocate more than $1 billion to expand independent beef, pork and chicken processing in an effort to increase competition and reduce costs for consumers. The …

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NOTEBOOK – ONE GOOD READ: Fido’s food affected by supply-chain issues, too

Many of you reading this own dogs. Some of you, like me, own cats. While we may banter about what animal makes for the better pet, we can agree on this: We’ll search high and …

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LBS acquires New Jersey-based FIM Headbands

LBS, a Des Moines-based manufacturer and distributor of materials for the production of books and luxury packaging, announced it has acquired the assets of FIM Headbands, which is based in South Hackensack, N.J. Financial details of …

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Winnebago revenues jump 46% in first quarter

Winnebago Industries Inc. on Friday reported record fiscal first-quarter revenue of $1.2 billion, a 45.7% increase from $793.1 million in the prior-year quarter. Revenues excluding the recently acquired Barletta boat business were $1.1 billion, representing …

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Deere acquires majority interest in Austrian battery manufacturer

Deere & Co. announced it has signed a definitive agreement to acquire majority ownership in Kreisel Electric Inc., a battery technology provider based in Rainbach im Mühlkreis, Austria. Kreisel develops high-density, high-durability electric battery modules …

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Deere to open Chicago office focused on IT operations

Deere & Co. announced today it is expanding its U.S. footprint with the opening of a new Chicago office. Deere plans to add 150 information technology jobs over the next two years, with the goal of hiring …