The defense contractor Textron is buying the snowmobile maker Arctic Cat in a deal valued at about $247 million. Textron said Wednesday that it will pay $18.50 per Arctic Cat share, a 41 percent ...

THIEF RIVER FALLS, Minn. — Just over 400 Minnesota Arctic Cat workers will be laid off this spring from the company’s Thief River Falls and St. Cloud manufacturing locations, parent company Textron ...

Arctic Cat has permanently laid off 65 workers in Thief River Falls and furloughed other hourly workers at the snowmobile plant there. Textron, Arctic Cat’s owner, will shut down the plant after the ...

Arctic Cat, which was nearly dead a year ago, has rebuilt operations and is now buying the assets of another snowmobile maker. The Thief River Falls, Minn., company now owns the properties and ...

Arctic Cat will permanently lay off hundreds of workers from one of its production facilities in Thief River Falls, part of parent company Textron’s plan to scale back operations. The cuts will take ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Textron had said last winter it ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Textron bought Arctic Cat in ...

THIEF RIVER FALLS, Minn. — Thief River Falls Mayor Brian Holmer believes the impending closure of one of the city's two biggest employers will undoubtedly have a negative impact on the city but, even ...

The powersports industry is going through it right now. First, it was KTM teetering on the edge of bankruptcy in early December, and now, Arctic Cat is feeling the hurt. The manufacturer’s parent ...

Always an Arctic Cat lover, Tom Rowland, who owns Thomas Sno Sports in Ogilvie, Minn., with his wife, Renae, is still mulling the latest news from northwest Minnesota. Textron Inc., owner of Arctic ...