Wells Fargo continues to have a major presence in Minneapolis, and the city is home to the Wells Fargo Home Mortgage division. In 1998,
Norwest Bank of Minneapolis bought Wells Fargo Bank of
San Francisco, California. Because Wells Fargo had more brand recognition, Norwest chose to rename itself Wells Fargo Bank and moved its headquarters from Minneapolis to San Francisco.
Honeywell was headquartered in Minneapolis but moved to
Morristown, New Jersey to occupy
Allied Signal's headquarters after the two companies merged in 1999.
Honeywell's former headquarters is now occupied by
Wells Fargo. The
Soo Line Railroad is based in Minneapolis, but is owned by the
Canadian Pacific Railway. The old company headquarters still exist as the
Soo Line Building. The current headquarters is
Canadian Pacific Plaza.
Northwestern Consolidated Milling Company produced Ceresota flour in Minneapolis from 1891 to 1953. Its Elevator A, and A and F mills are still standing and two of these structures are in use as office buildings. ReliaStar Life Insurance Co. was bought by
ING of the Netherlands but still maintains division headquarters in Minneapolis.
Dain Rauscher was bought by
RBC of Canada but still maintains division headquarters in Minneapolis.
Burlington Northern was based in St. Paul until it merged with the
Atchison, Topeka & Santa Fe Railway to form the
BNSF Railway. It is now based in
Fort Worth, Texas. The St. Paul Companies was the oldest company in Minnesota. In 2004, they merged with
Travelers and in 2009 they moved their headquarters to
New York City. In 2008,
Northwest Airlines announced that it was merging with
Delta Air Lines and moving its headquarters to
Atlanta,
Georgia. In December 2010,
ADC Telecommunications was purchased by
TE Connectivity. By May 2011, they had moved the operations out of the Eden Prairie HQ of ADC to other facilities. TE Connectivity continues to use ADC's Shakopee, MN facility.
Department 56, Inc. was headquartered in Eden Prairie, MN. The maker of collectibles and giftware, notably Christmas Village buildings and Snowbabies, filed for bankruptcy in 2009 after purchasing Lenox from Brown & Foreman in 2005. Department 56 was eventually acquired by
Enesco and moved all operations except the artistic talent to Enesco's headquarters in Itasca, Illinois. In 2001
Pillsbury Company was purchased by
General Mills (also located in the Minneapolis–St. Paul area). Parts of Pillsbury were sold to International Multifoods Corporation which was later purchased by
The J.M. Smucker Company of Orrville, Ohio, in 2004.
The Musicland Group, Inc. was an entertainment company which ran Musicland, Sam Goody, Suncoast Motion Picture Company, On Cue, and the Media PlaySuperstore Chains. The Musicland Group was purchased by Best Buy in 2001.
Control Data Corporation was a supercomputer firm which broke up into Control Data Systems and Control Data Corporation (CDC). CDC currently operates as
Ceridian.
Jasc Software was a software company in Eden Prairie which was founded by the creator of
Paint Shop Pro. It was acquired by
Corel Corporation in 2004.
PepsiAmericas was merged into Pepsi Beverage Co. in 2009.
Lawson Software was an ERP software company based in St. Paul prior to being acquired by
Infor.
Nash Finch merged with Spartan Stores to become
SpartanNash and the headquarters was moved to Grand Rapids, Michigan. ==See also==