Economic Development
Green Bay company acquires division of Georgia-Pacific
Green Bay-based Tosca Limited, a provider of reusable container pooling and logistics services to the food supply chain, announced it has acquired the reusable plastic container division of Georgia-Pacific LLC.
Fiserv’s second quarter profits up 79%
Brookfield-based Fiserv Inc. has a banner second quarter with a 79 percent increase in net income to $161 million, or $1.17 dilutes earnings per share.
MGIC losses widen
The poor housing market and large number of foreclosures continues to plague Milwaukee-based MGIC Investment Corp., which reported that its second quarter loss increased by 80.5 percent to $273.89 million.
BMO merges Harris and M&I financial advisor networks
BMO Financial Group announced the creation of BMO Harris Financial Advisors, a dedicated network of professionals committed to serving the financial planning and wealth management needs of BMO Harris Bank clients.
Assisted Living absorbs second quarter losses
Menomonee Falls-based Assisted Living Concepts Inc. reported Thursday that it had a net loss of $25.1 million in the second quarter, compared to positive net income of $6.28 million in the second quarter of 2011.
Glenn Rieder acquires San Diego company
Milwaukee-based Glenn Rieder Inc. announced that it has acquired San Diego-based Quality Cabinet and Fixture Company and its majority owned subsidiary, Quality Cabinets de Mexico S. de R.L. de C.V.
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Roadrunner acquires Omaha trucking companies
Cudahy logistics provider Roadrunner Transportation Systems Inc. has acquired R&M Transportation and Sortino Transportation for $24.4 million.
Bank Mutual announces cash dividend
Milwaukee-based Bank Mutual Corp. has declared a quarterly cash dividend of $0.01 per share to be paid out on August 31 to shareholders of record as of August 17.
Wisconsin Bank & Trust to merge with First National
Heartland Financial USA has announced Wisconsin Bank & Trust will acquire First Shares Inc., the parent company of First National Bank in Platteville, for $11 million.
Chicago can’t be Milwaukee’s savior
Some big thinkers, looking for big answers for the troubles afflicting the Milwaukee economy, keep looking south to Chicago.
