FRANDSEN MILESTONES

From its humble beginnings as a small lumber company, Frandsen Corporation has evolved over 50 years into a diverse, entrepreneurial organization of companies in the financial services, injection molding, manufacturing, and distribution segments. There have been many milestones along the way:

1951: Dennis Frandsen founded Frandsen Log and Lumber Company in Luck, Wisconsin. He soon moved his business to Rush City.

1961: Frandsen purchased Star Tool Company. By 1963 he had become the company’s majority owner and president, and had renamed the company Plastech Research, Inc, and later  Plastech Corporation.

1970: Frandsen founded All American Snowmobile Parts Company, whose name would eventually be changed to Dennis Kirk. Frandsen sold the company in 1977.

1976: Plastech created a separate Tooling Division as a result of the acquisition of Star Mold in Hugo, Minnesota. Plastech also acquired Hartland Plastics of Hartland, Wisconsin.

1978: The acquisition of Research Molding of Mendon, Michigan gave Plastech an opportunity to serve the auto industry.

1979: Frandsen Corporation purchased Umco Corporation; another plastic injection molder.

1980: Frandsen became a partner in Kinger’s Mall Associates and constructed a new retail mall in Rush City.

1981: Dennis Frandsen purchased his first bank, Fidelity State Bank of Luck.

1983: Plastech opened a sales office in El Paso, Texas, and  purchased Push Button Container, a plastic molding company in Albuquerque, New Mexico. Frandsen eventually sold it in 1997. Frandsen Bancorporation was formed.  It eventually became Frandsen Financial Corporation (FFC).

1985: Plastech acquired Norwesco of Belle Plaine, Minnesota.

1986: A profile in the Minnesota Business Journal , “Mr. Rush City,” recognized Dennis Frandsen’s impact on the city.

1994: Frandsen purchased a minority share in the National Basketball Association’s Minnesota Timberwolves franchise. He gave 117 acres of land on West Rush Lake near Braham, Minnesota, to Chisago County, the largest donation the county had ever received. Today the land is a county park known as Dennis Frandsen County Park.

1995: Frandsen purchased Allied Plastics of Plymouth, Minnesota, and moved the operation to a 110,000-square-foot facility in Coon Rapids.

1996: Frandsen acquired Miller Manufacturing, a manufacturer of farm, ranch and pet supplies.

1997: Frandsen opened the Frandsen Technology Center in Arden Hills, which would become headquarters for Frandsen Financial Corporation.

1998: Traveling on a bus to the NBA All-Star game with Timberwolves’ majority owner Glen Taylor, Frandsen negotiated the purchase of Taylor's bank holding company, Taylor Bancshares. In June, he was featured on the cover of Minnesota Business and Opportunities magazine.

1999: Frandsen purchased InterNet Incorporated, a converter of plastic and metal mesh based in New Hope, Minnesota. He would later rename it Industrial Netting. Allied acquired Glynco Plastics of Minnetonka. Dennis Frandsen was named Entrepreneur of the Year by Ernst & Young.

2002: Miller Manufacturing acquired Hot Shot Incorporated, a manufacturer of cattle prods and respected brand in the cattle industry, based in Savage, Minnesota.

2003: Dennis Frandsen received the John F. Cade Award, presented annually to an outstanding entrepreneur, from the John M. Morrison Center for Entrepreneurship at University of St. Thomas.

2005: Due to a corporate growing staff, Frandsen Corporation establishes their headquarters in Forest Lake.

2007: Frandsen Corporation purchased Springer MaGrath Company of McCook, Nebraska

2009: Dennis Frandsen is inducted into the Minnesota Business Hall of Fame 

         
   
Standard Terms and Conditions Frandsen Corporation
5481 St. Croix Trail Suite 200
North Branch, MN 55056
Phone: 651-407-5700
WATS: 1-800-223-0462
Fax: 651-407-5650
Home