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Manufacturing

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HNI reports lower earnings as net sales decline 5%

HNI Corp. reported sales for the first quarter ended March 30 of $479.5 million and net income of $1.0 million. GAAP net income was 2 cents per diluted share, compared with 6 cents per share …
By BPC Staff | Apr 22, 2019
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Wells Blue Bunny buys N.Y. company

Wells Enterprises, the Le Mars-based owner of Blue Bunny, has purchased Fieldbrook Foods of New York state for an undisclosed sum, the Corridor Business Journal reported. The purchase from Arbor Investments improves Wells’ access to East …
By BPC Staff | Apr 17, 2019
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Cedar Ridge launches new vodka to support Iowa trails

Corridor Business Journal: Cedar Ridge has launched Bagger Vodka, a new Iowa-made vodka that will donate $1 from the sale of every 1-liter bottle to the Iowa Natural Heritage Foundation in support of new trail development …
By BPC Staff | Apr 15, 2019
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Report highlights Iowa’s most valuable brands

Fresh from its rebranding as an operating unit of United Technologies, Cedar Rapids-based Collins Aerospace is Iowa’s most valuable brand, according to new rankings of the 500 strongest U.S. brands by Brand Finance. Collins Aerospace, whose brand …
By BPC Staff | Apr 12, 2019
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Iowa Fluid Power to expand by 45,0000 square feet in Cedar Rapids

Cedar Rapids Gazette: Fluid-power products distributor Iowa Fluid Power plans to expand its facility in Cedar Rapids by 45,000 square feet. The project, in connection with sibling companies Electro-Hydraulic Automation and Blairs Buildings LLC, is valued …
By BPC Staff | Mar 25, 2019
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Winnebago net income down 2.2 percent in second quarter

Winnebago Industries Inc. reported an 18 percent decline in operating income for the second quarter, driven primarily by a decrease in RV sales. Operating income was $28.9 million for the quarter, compared with $35.3 million …
By BUSINESS RECORD STAFF | Mar 25, 2019
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Kraft Heinz investing $30 million to expand facility in Davenport

Quad-City Times: Kraft Heinz is investing $30 million to expand its new Davenport facility. The more than $225 million, highly automated plant sits on about 70 acres in northwest Davenport. Replacing the company’s former Rockingham Road …
By BPC Staff | Mar 22, 2019
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April 24: Voorhees Supply Chain Conference

Host: Iowa State University Debbie and Jerry Ivy College of Business
About: From Division I athletics to manufacturing and retail, learn how four organizations manage risk in their supply chain. Speakers include: 
– Jamie Pollard, …
By BPC Staff | Mar 21, 2019
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Tama meatpacking plant bought by National Beef

Waterloo-Cedar Falls Courier: A Tama meatpacking plant is being bought by a Kansas City-based meatpacker. National Beef announced Monday on its website it has bought Tama-based Iowa Premium, pending conditions and a waiting period. Iowa Premium …
By BPC Staff | Mar 13, 2019
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Vermeer selects Mortensen to rebuild manufacturing facilities in Pella

Seven months after an EF3 tornado destroyed two of the seven manufacturing buildings at Vermeer Corp. in Pella, the third-generation company today announced it has selected Minneapolis-based M.A. Mortenson Co. to rebuild its production facilities. The new …
By BPC Staff | Mar 11, 2019