Document - Historical information/data - Lull International to close its plant in Eagan. - 12/20/2011Lu,iee Ein Grei;mi:Iriti.tzote._
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December 20, 2011 11:56 AM ET
Machinery
Lull International, Inc.
SnapshotPeople
COMPANY OVERVIEW
Lull International, Inc. manufactures telescopic material handlers, skid steer loaders, masonry tenders, and buggies.
The company was founded in 1993 and is based in Eagan, Minnesota. As of August 16, 1996, Lull International is a
subsidiary of JLG Omniquip.
3045 Highway 13
Eagan, MN 55121
United States
Founded in 1993
Phone:
Fax:
KEY EXECUTIVES
Lull International, Inc. does not have any Key Executives recorded.
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RECENT PRIVATE COMPANIES TRANSACTIONS
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Date
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No transactions available in the past 12 months.
L.k- 4Wles CNpany
651-454-4300
651-454-9225
4i05i29iL59
VSINESS
INSIDE BUSINESS
Medtronic seeks advice
Medtronic Inc., whose $480 n
to buy Cyberonics Inc. was rej
week, has hired a proxy canst
determine its next move. PAGE
al SAINT PAUL PIONEER PRESS
WEDNE
:Lull Industries to close plant
0
-"300 workers expected
to lose jobs in Fagan
MIKE HOWHLETT STAFF WRITER
Lull Industries will close its calm
• struction equipment manufacturing
m plant in Eagan, shedding about 300
ii workers in the process and ending
0'
0'
co
0'
the company's 40-piue-year history
m Mninesota.
OmniQuip Textron, Lull's corpo-
rate parent, will move the Eagan
plant's operations to a factory it
owns in Port Washington, Wis.,
north of Milwaukee.
The move is being made to
decrease OmniQuip's costs and
increase its efficiency, said Rick
Sassu, the firm's vice president of
human resources. "We will elimi-
nate a lot of redundancies."
The company chose to consolidate
in Wisconsin because the plant
there was bigger and more modern,
Sass,t said.
Lull makes forklift -type machines
with lifts that rise up to about 60
feet. They're used primarily at resi-
dential construction sites to trans-
port building materials.
Lull employees were informed of
the closing this week. The plant will
shut down gradually, beginning in
Piovember, and close completely by
the end of next August. By January,
about half the plant's workers will
be gone, Sasso said.
The plant has about 100 salaried
employees and about 200 hourly
workers who make an average of
$15 an hour, Sassu said. Lull has
retained a firm to provide outplace-
CLOSING CONTINUED ON 8C ►
DETAILS
The plant wlh
shut down gradu-
ally, beginning In
November, and
close completely
by the end of next
August. By
January, about
half the plant's
workers will be
Training. for Tomorrow
Minnesota business
S leaders are preparing for
the future by findg
a
ways to boost
workers' drills.
f the many unknowns
that lie ahead for Min-
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the income
3 and bave-
>Im a gover-
me develop-
itflporice
as "who are
3 -: their po-
s:.beginning
rk-farce is-
s upcoming
ea busineas-
3. are devise
'wn training
7eated "The
is year as a
Skills of its
rogram fea-
such areas
ce and actu-
traditional
hundreds of
Iployees can
addition, a
site allows
ompany to
actively.
new empha-
whole pace
of our Work is mcreasmg im-
mensely. We're constantly revising
our processes and technology,"
said David Owens, chief knowl-
edge officer and vice president of
The St. Paul University. Employ-
ees at The St. Paul must now com-
plete a minimum of 40 hours of
training for the year.
At Dunwoody Institute, Presi-
dent Frank Starke has seen the
effect of fast -changing industries.
Where technology used to remain
the same for years, now it can
change every 12 to 18 months, he
said.
Dunwoody teaches many of the
same subjects, such as auto repair
Anil C1cuuM.I by, AD IL dill UC1.auVA
ago, but the content is drastically
different non and destined . to
change still more, he said.
Customized -worker training -is
the school's fastest -growing busi-
ness segment, accounting for 20
percent of revenue and rising. The
burden of payment is shifting
more from the employee to the
employer, Starke noted, because
companies are starting to recog-
woe continuous training as a . war
to retain employees and gain p.
competitive advantage.
Phylts Korkki can be readied at
pkorkkl@ploneorpreas.com or (651)
228-5189. 1.4
CLOSING
V CONTINUED FROM IC
ment services to workers and to
help them find new jobs. Some
workers will be offered positions
in Port Washington, Sassu said.
Lull was started at least 44
years ago and has had several
owners over the last decade. It
was sold out of bankruptcy in 1993
to a South Carolina firm and sold
again in 1994 to the Harbour
Group, a St. Louis -based vent
capital outfit.
Harbour combined Lull w�
Port -Washington -based Trak In
national, which also makes lif `
equipment. The combined fi was called OmniQuip and basedWn
Port Washington. It went publi
1997, but was purchased last y
by Textron, a Providence, Rat_
based manufacturing conglomer-
ate.
Mike Hughlett, who covers economics.
and labor, can be reached at
:mhughiett%ploneerpress.com or
(651) 228-5428.
groilnd-breaking ideas," not just a
better mousetrap.
Fonstad and other investors at
the conference will participate in
panel discussions and will listen to
one -minute "elevator pitches" by
the entrepreneurs. Later in the
day, the entrepreneurs get to elab-
orate in 15-minute presentations.
for money,
expertise to
manacle /mind
Clara, which has a $100 million
investment fund, invested :in
nQuire Software of Minnetonka in
1998 and 1999. Telos typically
makes investments of $5 million
to $ 10 million.
One of the drawbacks of distant
companies is that it's not as easy
to check on them or be an active
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