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80 posts categorized "Stewartville news"

January 14, 2011

Rochester Medical growing, buys $10.5M firm

Rochester Medical's $10.5 million purchase of a European company could lead to growth at its home facility in Stewartville.
To keep up with growing demand in Europe and elsewhere, the catheter maker will eventually need to expand manufacturing in Stewartville, said Anthony J. Conway, CEO and president. He offered no time frame.
Rochmedicalcatheter"We will definitely will be expanding in Stewartville," he said. "We'll need it. Just this quarter, we've expanded our domestic sales staff (based in the United States) from 12 people to 40."
Rochester Medical, which makes silicone catheters and other urological supplies, announced this week that it is buying Laprolan B.V., a medical supplies distributor, for $10.5 million. Laprolan is based in the Netherlands.
The sale is contingent on approval by the shareholders of Laprolan's owner Fornix N.V. It is expected to be approved by the end of the first quarter.
The acquisition fits with the international focus at Rochester Medical, which tallied about $42 million in sales last year.
The company exports the majority of the catheters it makes in Stewartville to European markets.

January 03, 2011

2 Roch. buildings sell more than $1M combined

Here's a couple tidbits following up some commercial real estate sales in Nov. Wonder what 2011 will hold for Rochester's real estate market?

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Two Rochester commercial buildings sold for a combined $1.055 million in November.

Top3 The building that houses Coyote Creek Gun & Archery shop at 3600 S. Broadway sold for $590,000 on Nov. 16. It looks like the local businessman who started the gun shop now also owns the building.

Bullets & Broadheads bought the former Smidt Sheet Metal Co. building from HRG Investments, a Rochester company based in the Carpet One complex at 5139 U.S. 52 N.

Olmsted County records list Craig Reichel, owner of Reichel Foods and Coyote Creek, as the chief of Bullets & Broadheads.

In 2006, Reichel bought the longtime Rochester business, Dale's Gun Shop. He changed the name and moved it to the 4,000-square-foot building on South Broadway.

ShowPhoto County records show that the Coyote Creek complex might not be the only real estate purchase Reichel was involved with in November.

On Nov. 19, Cat Commercial Holdings bought the former Rochester base of the regional mechanical and roofing contractor, Schwickert's for $465,000.

Cat Commercial lists its Rochester address as 3706 Enterprise Drive S.W., which is also the address for Reichel Foods, which was founded by Reichel. It makes pre-packaged snack servings of vegetables and fruits for stores and vending machines.

May 27, 2010

Wine and roses? - Roch. florist eyes Stewartville liquor biz

Here's an interesting tidbit from an article by Laura Horihan on the Stewartville City Council Oking two liquor licenses.

For the full story, look here.

One of the applicants is in a different business in Rochester.

Here's that part of Laura's story:Thomas Weisheipl, the owner of Flowerama in Rochester, also submitted an application to sell off-sale liquor.

Weisheipl hopes to start a liquor store in the former Ambassador Liquor building.

The council revoked the liquor store's license after a series of failed alcohol compliance checks.

The approval of Weishepl's application will depend on whether he's able to lease the building from current owner Gary Johnson.

Flowers_rochester Johnson had previously been working on an agreement with Bill Heimer, who was planning to buy his remaining inventory and set up a new liquor store.

The council made it clear that only one license will be issued to the site.

"If I'm not able to get that spot, I'm not planning to do anything at all," Weisheipl said. "One person will win the race, and that's it."


January 13, 2010

Area businesses land Clean Energy cash

Nine groups ranging from a Stewartville dental clinic to a county landfill will get from $2,000 to $5,000 from the state’s Clean Energy Resource Team to do various projects to save energy or produce clean energy.

Cleanenergy-766923 They are among 55 given out in the state for a total of $280,000 and are intended to be seed money for major work.

Money comes from the Minnesota Department of Commerce, Office of Energy Security.

• Trulson Dental Clinic in Stewartville, $5,000, to install a nearly silent vibration-free wind turbine. It’s hoped the magnetically-levitated vertical-axis turbine will be a model for other roof tops.

• Olmsted County’s Think Green Sustainability Fair, $2,000, to hold a Think Green Sustainability Fair to motivate participants to take individual actions at home, at work, and on their farms. That, in turn, will contribute to the reduction of carbon emissions and other positive environmental effects.

• Northfield School of Art and Technology, $5,000, to build an environmentally-friendly greenhouse. Besides being a teaching aid, it will be used for growing organic produce to be sold to the local food co-op.

• Winona County, $5,000, to collect about 50 percent of the methane that is emitted by its landfill and use it to heat a green aquaculture, hydroponic and greenhouse facility. Students from local universities and high schools will assist in the design, development, and construction of the facility.

• Three Rivers Community Action in Northfield, $5,000, to help buy five foreclosed homes in downtown Northfield, rehabilitate them with green and healthy improvements, then sell them to low income families.

• Perpetual Harvest in Goodhue, $5,000, for a solar thermal hot water system for dairy pipeline washing and sanitizing. The benefits of this project will be offered to other farmers with a Wet site and a cooperative.


• Winona Soil & Water Conservation District, $5,000, to work with Pork & Plants near Elba and Winona State University to develop a model for how perennial grasses and forbs can be pelletized and produced at a farm-scale level on marginal land. The pellets will be used as an alternative source of renewable fuel.

• Region Nine Development Commission in Mankato, $3,000 to do an inventory of renewable energy resources in three of nine chosen Minnesota counties, compile completed renewable energy data and/or conduct a gap analysis of renewable energy data.

• Habitat for Humanity of Minnesota, $5,000, to develop and administer a homeowner orientation curriculum for high-efficiency homes. It will be targeted to low-income first-time homebuyers but can be easily replicated for existing homeowners.

December 02, 2009

Action in Stewartville

167077487v4_480x480_Front_Color-White Word is that some action is coming to Stewartville.

The buzz is that a new store is opening soon.

And on the other side of ledger, a bar is expected to close at the end of the month.

I'll have some detail on the store at least on my column Thursday.

November 19, 2009

Chinese food cooking again in Stewartville

Jacky Dong is extending the reach of his Chinese food beyond Rochester with a planned opening of a third restaurant.

Dong, who with his family owns Hunan Garden and Kingdom Buffet in Rochester, is gearing up to open New Hunan in Stewartville. He hopes to open the doors at 106 First St. by mid-December.

“We have a lot of customers from Stewartville. They talked to me and asked me for it,” he says.

The Stewartville eatery will offer take-out and dine-in service from the same menu as Hunan Garden. He expects to have about four people on staff to start.

The deal was brokered by Darci Fenske of Paramark Real Estate.

The work in Stewartville follows a renovation project earlier this month in Rochester that added windows to the exterior wall of the 26-year-old Hunan Garden in the Northgate Shopping Center, 1120 Seventh St. N.W.

“Customers are coming in and saying it looks totally different. It is a lot brighter in there now,” Dong says.

He plans to also replace the carpet and tile in that restaurant in the spring.

September 22, 2009

Stress incontinence = $?

Rochester Medical Corp. is looking to start 2010 by launching a major play for the female stress incontinence market in both the U.S. and the U.K.


“The market potential for this is bigger than any of our other products,” said Anthony Conway, CEO of the Stewartville catheter maker, after announcing that its FemSoft Insert has been approved by in the United Kingdon as a prescription product.


3352_e10_ROCM_1041

It is a soft silicone insert with a fluid-filled bulb at the end to conform inside the patient to block leakage.


This follows U.S. Medicare’s preliminary reimbursement approval for the FemSoft Insert earlier this year.


If all goes as expected, both the U.S. and the U.K. will begin reimbursing for the product in January 2010.


“The market potential for this is bigger than any of our other products,” says Conway.

It is estimated that more than 12 million women are diagnosed with stress incontinence in the U.S. This condition can cause urinary leakage occurs during certain physical activities such as exercise, coughing, laughing, or sneezing.


Conway believes FemSoft could used by about five percent of that group, which tallies to about an estimated $1 billion piece of the market.


While being OKed for Medicare reimbursement spotlights FemSoft, it has been used for years by women paying the full cost for the product. The Federal Drug Administration approved it after a five year, eight clinical site study.


September 11, 2009

Roch. Medical uses soft touch to expand market

Here's a quick piece in today's dead tree edition about Stewartville's catheter maker:

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Rochester Medical Corp. of Stewartville has rolled out two new catheter lines to expand its dominance in hospitals in the United Kingdom and be more competitive in the United States.

Rochmeddisplay While hospitals worldwide, including Mayo Clinic, have worked to eliminate latex because some people are allergic to it, 90 percent of U.S. hospitals still buy one product made of latex, said Rochester Medical’s chief financial officer David Jonas.

That is the Foley catheter, which features latex tubing for patients’ comfort. Now Rochester Medical wants to replace the latex model with a silicone version that is just as comfortable for patients and as easy for physicians to use.

“We estimate that at about a $500 million market,” Jonas said.

Rochester Medical, which makes a variety of catheter products from silicone, has previously made Foley catheters without latex. But the new StrataSI and StrataNF feature improved designs that use soft layers of silicone to cover a pliable inner core of silicone.

“Our primary objective was to make and bring to market the world’s most advanced and most comfortable silicone Foley catheter,” said Anthony J. Conway, Rochester Medical’s CEO and president.

The StrataNF includes anti-bacterial material to reduce urinary tract infections, which are often a problem with catheter use.

While the worldwide economy has sputtered recently, Rochester Medical has grown steadily.

“We’ve had a very good year,” said Jonas, citing a 30 percent growth in the U.K. in the past quarter.

He says Rochester Medical, the largest maker of silicone catheters in the world, controls a 60 percent share of the U.K.’s catheter market, although an unfavorable exchange rate has been a bump in the road.

The company’s manufacturing equipment in Stewartville runs 24 hours a day, with a worldwide staff of about 300 employees making and selling catheter products to almost 70 countries.

Conway and Jonas anticipate the company’s continuing growth will eventually mean adding employees and building more manufacturing facilities in Stewartville.
The new Strata Foley line “just opens the door wider,” Jonas said.

March 16, 2009

GeoTek in Stewartville sold

Very little detail on this sale, which happened in February.

This is a biz that once was based in Rushford, but it moved to Stewartville in 1994. The owners Conrad F. Fingerson and Amy L. Donahoe bought the former Mentor Corp. facility to make the move.

GeoTek Manufactures fiberglass poltrusion products, such as tension bars for chainlink fencing; crossarms for utilities; and landscape pins for retaining walls. Not sure of employee numbers, but it often has about 30 on staff.

Here's some from the press release by the firm that did the deal, not either the buyer of the seller:
Fence_geotek_02

Aethlon Capital announced today that it negotiated the sale of GEOTEK, Inc., manufacturer of industry-leading reinforced fiberglass products for the electric utility and animal-containment markets, to Granite Equity Partners, a private equity firm located in St. Cloud, Minn. The transaction closed on February 4, 2009, and brings more resources to GEOTEK for growth domestically and overseas. The company will continue to operate under the name GEOTEK, Inc.


Concurrent with the transaction, GEOTEK founders Amy Donahoe and Conrad Fingerson retired from daily operations and joined the board of directors, and will continue in advisory capacities. Donahoe and Fingerson will also have an ongoing ownership stake in the company.


“Our expanded relationship with Granite Equity Partners represents an exciting opportunity for GEOTEK’s employees and customers,” said Fingerson. “We are confident that Granite Equity Partners will help deliver stronger revenue for GEOTEK. Moreover, finding the appropriate buyer was a careful, thoughtful decision. With the assistance of Aethlon Capital, we selected Granite Equity Partners as the best fit for GEOTEK’s employees and customers.”


Commenting on the sale, Sima Griffith, Managing Principal of Aethlon Capital said “We are very pleased to have advised GEOTEK’s founders on the sale of their business. Despite the credit crunch, there are still buyers in the market for strong businesses like GEOTEK.”

February 02, 2009

Pizza Ranch holds its horses in Byron

Pizza cowboy Monte Beck said he is going to hold his horses for while before he delivers a Pizza Ranch buffet to Byron.

Buckle

“We’ve put plans for Byron on hold due to the economic situation,” he said.


On hold for how long?


“It is about a year out,” Beck said. “Byron people are going to have to be patient for a while.”


The Pizza Ranch that he opened in Stewartville in 2007 is still cooking, though the recession cooled it a bit.


“It was down in 2008 from 2007,” he said, “But January has been good so far. It seems to be bouncing back some.”