The new owner of Arctic Cat will close the company’s freshly opened headquarters in downtown Minneapolis’ North Loop and move the 60 jobs to Thief River Falls, where the firm was founded in 1960, or St. Cloud, the site of a production facility.
The snowmobile and ATV manufacturer relocated from Plymouth to Minneapolis last summer, but the company was sold to Textron Inc. for $247 million in January.
The closing of the headquarters could bring dozens of workers back to Thief River Falls, as Arctic Cat’s new owner plans to expand operations in the far northwest Minnesota city.
Rhode Island-based Textron also announced plans to move production of its Stampede, an off-road vehicle, from its facility in Augusta, Ga., to Thief River Falls. It’s unclear when the move will happen, but Textron spokesman Brandon Haddock told the Thief River Falls Times it would be soon.
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