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🔒 Racine-based R&B Grinding Co. acquired by Texas private equity firm

Racine-based R&B Grinding, LLC has been acquired by Willis & Smith Capital, a Plano, Texas-based private equity firm. The transaction closed on Feb. 1. Terms of the deal were not disclosed.

Dick Leinenkugel to retire as president of Jacob Leinenkugel Brewing Co.

Chippewa Falls-based Jacob Leinenkugel Brewing Company announced today that Dick Leinenkugel will retire as president at the end of the year.

🔒 Gleason Redi-Mix plans facility on Mill Road in Milwaukee

Gleason Redi-Mix LLC is seeking approvals to operate a heavy manufacturing facility at an existing building in Milwaukee. An application was submitted to the city’s Board of Zoning Appeals on Dec. 13, 2021. A special use is being requested by the company to operate out of a building located at 4111 W. Mill Road.

🔒 Investments in Wisconsin early-stage companies in 2021 shatter previous high

Angel investors and venture capitalists invested at least $810 million in young, Wisconsin-based companies in 2021, shattering the previous yearly early-stage investment record for the state of $483.6 million in 2020

🔒 Food coloring company Oterra will move into industrial building in Mount Pleasant

Denmark-based Oterra, LLC plans to move into an industrial building in Mount Pleasant that previously had been occupied by Foxconn on a temporary basis, prior to the construction of its campus in the village.
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Major mixed-use development planned near The Corners of Brookfield

Hales Corners-based Wimmer Communities is planning a $120 million mixed-use development northeast of Bluemond and Barker roads in the Town of Brookfield, across Bluemound from The Corners of Brookfield.

CEO of Milwaukee-based Exit 7C pleads guilty to wire fraud

Blessing Egbon, founder and chief executive officer of Milwaukee-based Exit 7C, has reached a plea deal with the state in which he has agreed to plead guilty to three counts of wire fraud.

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