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Tuesday A.M. Report

Froehling Anderson to transition leadership; Valspar completes Wattyl acquisition; and Survey: Minnesota businesses lack optimism

Froehling Anderson to transition leadership: Accounting firm Froehling Anderson has new top executives, following the St. Louis Park-based firm’s practise of having a leadership transition every seven years. Existing partner David Benusa will become Froehling Anderson’s CEO and managing partner; another partner Gary Dosdall will fill the newly created chief operating officer position at the firm, which includes the duties of what was the firm’s chief financial officer position. Read full story

Valspar completes Wattyl acquisition: The Valspar Corp. said Tuesday that it’s completed its acquisition of Australian paint manufacturer Wattyl. Minneapolis-based Valspar previously announced in June that it would acquire publically-traded Wattyl for $124 million; Valspar also assumed Wattyl’s existing debt. Read full story

Survey: Minnesota businesses lack optimism: Minnesota business owners and managers aren’t particularly optimistic about the state’s economic recovery, according to the Minnesota Chamber of Commerce’s seventh annual Minnesota Business Barometer Survey. Nearly 30 percent of survey respondents said the state’s economy is improving, but a similar percentage said it is getting worse. Read full story