Thursday, February 21, 2008
SF Analytical to move to new labs on Friday
SF Analytical Laboratories Inc., a provider of analytical testing services for more than 108 years, will move from 6125 W. National Ave. in West Allis into its new, state-of-the-art facility at 2345 S. 170th St. in New Berlin on Friday.
The company will reopen for business at the new labs on Monday, Feb. 25.
With the new labs, the company expects testing capacity to double from approximately 250,000 to 500,000 tests annually. The new labs are 17,000 square feet with room to expand to 19,400 square feet.
In addition to increased automation and instrumentation, the facility offers improved design and controls for air flow (HVAC) and environmental separation between departments and functions. The enhancements, combined with increased quality control standards, will enable the company to achieve specific accreditations that it was not able to attain previously, due to the configuration of the West Allis location.
"This new facility will enable us to continue to do the excellent work we do for our customers, except we'll be able to do it better and more efficiently," said Dave Kliber, president of SF Analytical Laboratories.
Established in 1900, SF Analytical Laboratories, has become one of Wisconsin's largest environmental, industrial and food analysis companies.
The company takes a multi-disciplined approach, serving clients in six primary areas: water/wastewater; fuels/oils/soils/sludge/paints; toxicity/bioassay; investigative analysis; microbiology; and food chemistry. For more information, visit www.sflabs.com.
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Credit crunch takes toll on Wauwatosa Savings Bank
Wauwatosa Holdings Inc., the parent company of Wauwatosa Savings Bank, reported this week that its net income declined substantially in the fourth quarter and for the full year of 2007.
The company's fourth-quarter net income shrunk to $307,000, or 1 cent per share, from $2.3 million, or 7 cents per share, in the same period a year ago, as the company incurred an eight-fold increase in its provisions to cover bad loans, according to a filing with the the U.S. Securities & Exchange Commission.
For the full year, the company's net income plummeted to $1.6 million from $8.1 million in 2006.
After more than 85 years in operation, Wauwatosa Savings Bank plans to change its name and is asking its customers to vote on its options for a new name.
Between today and Feb. 29, Wauwatosa Savings invites its customers and communities to visit any of the banks eight locations to complete an opinion ballot for Wauwatosa Savings' new name. Participants also will be eligible for prizes.
The bank is asking its customers to vote on three new name options: Granite Bank, Security First Bank and WaterStone Bank. The bank also is accepting write-in ideas.
Wisconsin's international exports are soaring
Wisconsin's exports increased by 11.8 percent to a record $19.2 billion in 2007, and Wisconsin now ranks as the 19th-largest exporting state in the nation, an improvement from its 21st ranking in 2006.
Exports to Canada, Wisconsin's largest international market, grew by 7.3 percent to $5.8 billion. Mexico continued as Wisconsin's second-largest export market, as exports grew 2 percent to $1.9 billion. China took third place with a 35.4 percent increase to $1.2 billion, topping $1 billion for the first time ever. The United Kingdom took fourth place with a 6 percent increase to $722.8 million. Germany ranked fifth with a 13.4 percent increase to $660.8 billion.
Industrial machinery, including computer equipment, continues to be Wisconsin's top manufacturing export commodity, growing by 11.8 percent to $6.2 billion. Electrical machinery ranked second with a 5.7 percent increase to $2.7 billion. Medical and scientific instruments ranked third with a 0.1 percent decrease to $2.1 billion. Agricultural exports ranked fourth with a 45.1 percent increase to just under $2.1 billion. Transportation equipment ranked fifth with a18.4 percent increase to $1.7 billion.
The state's agricultural exports have nearly doubled in the past three years, up from $1.1 billion in 2004 - nearly a 100 percent increase. Dairy exports skyrocketed 131 percent, up from $84.7 million in 2006 to $195.8 million in 2007, driven by demand for cheese, whey, and butter.
A relatively new export, dried distillers grains, jumped 245 percent, up from $6 million in 2006 to $19.2 million in 2007, driven by strong demand in Asia. A byproduct of the state's burgeoning ethanol industry, dried distillers grains (DDGs) are sought as a high-protein livestock feed.
"This has largely been driven by strong demand in Asia," said Joshua Morby, executive director of the Wisconsin Bio Industry Alliance (WBIA). "Distillers grains are sought as a high protein livestock feed. The ethanol industry has certainly taken its fair share of hits in the past few weeks. It's finally nice to receive some recognition for the role our industry plays in growing not only the Wisconsin economy, but the globally economy as well."
"I salute Wisconsin companies for aggressively seeking new markets around the globe," said Gov. Jim Doyle. "As governor, I'm committed to doing all I can to support a climate that encourages success for our exporters."
Each year, the governor recognizes Wisconsin firms and organizations that have achieved extraordinary results in international markets or have contributed to Wisconsin's ability to compete globally. This year's nomination deadline is April 11. The 2008 awards will be presented May 13 at the 44th annual Wisconsin International Trade Conference in Milwaukee. For more information, visit http://commerce.wi.gov/IE/IE-ExportAwards.html.
Forum to explore Great Lakes Water Compact
BizTimes Daily readers are invited to explore "The Issues and Science behind the Pending Great Lakes Water Compact" at a special Blueprint Briefing on Wednesday, March 5, at Discovery World on Milwaukee’s lakefront.
The discussion, open to the public, will feature: "Great Lakes Water Wars" author Peter Annin; Kevin Wilson, assistant deputy minister of the Ontario Ministry of Natural Resources; Todd Ambs, Wisconsin Department of Natural Resource's water division chief and member of the board of the Great Lakes Commission; Matt Moroney, executive director of the Metropolitan Builders Association of Greater Milwaukee; and Ann Beier, director, Office of Environmental Sustainability City of Milwaukee.
University of Wisconsin-Milwaukee officials also plan a briefing on the science and research behind the policy immediately following the panel discussion.
The special briefing is being presented by WisPolitics.com-WisBusiness.com (media partners of Small Business Times), UWM, the Metropolitan Milwaukee Association of Commerce (MMAC), the Government of Canada, and Discovery World.
For more information and to register for the event, visit www.wispolitics.com/index.iml?Article=116957.
Kohl's launches new line of children's apparel
Kohl's Corp. today announced the launch of Jumping Beans, a new private children's playwear brand.
Jumping Beans invites moms to get inspired with colorful, easy-to-wear, easy-to-care for mix and match tops and bottoms that focus on style, quality and value, according to Menomonee Falls-based Kohl's.
The clothing is sized for boys and girls from newborn to 7 years old.
"We are excited to build upon our exclusive and private brand strategy with the introduction of Jumping Beans, our largest launch in the children's category," said Kevin Mansell, president of Kohl's. "The new children's collection will meet the diverse needs and desires of our female shoppers from fashion to quality and exceptional value."
Milwaukee supplier diversity venture posts record year
The Business Council Inc. (TBC), a supplier diversity network that matches ethnically diverse business (EDBs) enterprises with corporations and mid-sized companies in the metropolitan Milwaukee area, reported 2007 gross sales of $35.2 million between 18 EDBs and eight corporations.
When it was founded in 2002, the module ended the year with total sales of $3 million between 10 ethnically diverse businesses and six corporations
The venture was launched as a partnership with the Metropolitan Milwaukee Association of Commerce (MMAC).
Carl Brown, president and chief executive officer of Red Brown Kle', an advertising and marketing company in downtown Milwaukee, is chairman of the board of TBC and a participant in the module.
In 2002, the adage, "Can you walk the walk?" was asked of a number of corporations in Milwaukee, Brown said.
"In 2002, that was a fair question to ask about supplier diversity in Milwaukee and in 2008 it's still a fair question to ask," Brown said. "While progress has been slow, progress has been made."
"While we need more corporations to join the ranks, we have only praise for those that have done so consistently over the years," said Devon Turner, vice president of urban affairs for the MMAC and executive director of TBC. "To date, Manpower has spent the most with EDBs than any other corporate module participant. However, Miller, Harley-Davidson and We Energies have consistently increased their level of spending and commitment to participants over the years."
Nominate a company leader for Bravo! Entrepreneur Award
Small Business Times is accepting nominations for its annual Bravo! Entrepreneur Awards.
The program honors business owners who demonstrate the best traits of entrepreneurship, including willingness to take risk, drive, perseverance, etc.
Entrepreneurs must be part of a closely-held company, which has been in business for a minimum of one year and has a minimum of $1.5 million in annual sales
Entrepreneur must be the founder of the business, or have been critical to its growth. The company must be based in, or have been founded in, Milwaukee, Waukesha, Ozaukee, Washington, Sheboygan, Racine, Kenosha or Walworth counties.
Other key criteria for the awards:
- Company must show vision, risk and creativity.
- Company must be profitable.
- Entrepreneur should contribute to the community through charitable or leadership roles.
- Entrepreneur should demonstrate strong corporate culture.
- Company should have demonstrated significant growth and long-term potential.
In addition, SBT is accepting nominations for the Bravo! Entrepreneur Lifetime
Achievement Award and for the Regional Spirit Award. Previous winners of the Lifetime Achievement Award have included George Dalton, co-founder of Fiserv Inc. and Novo 1 Inc.; Robert Kern, founder of Generac Power Systems Inc.; and Joseph Zilber, founder and chairman of Towne Realty Inc.
Nominations for this year's Bravo! Entrepreneur Awards are due by March 1.
The winners will be selected by the staff of Small Business Times, which may honor a separate individual, in addition to the founder, if deemed appropriate.
The winners will be featured in Small Business Times and will receive their honors at the Bravo! Entrepreneur Awards Luncheon during the Small Business Times BizTech Expo, which will take place April 30-May 1 at the Wisconsin State Fair Park.
To nominate a business leader for the Bravo! Entrepreneur Awards, visit www.biztimes.com/bravo.
For additional information about the fourth annual Small Business Times BizTech Expo, visit www.biztimes.com/expo.
State headlines: CEO says losses don't dim future for Great Wolf Resorts
Great Wolf Resorts, the parent company of Sheboygan's Blue Harbor Resort and Conference Center, reported a net loss Wednesday of $7.7 million for the fourth quarter of 2007, down from a $1.8 million profit in the third quarter. However, Great Wolf chief executive officer John Emery shrugged off the loss as expected for a development-oriented company, saying increases in revenue and occupancy show the company has a promising future. Read more in SBT's daily roundup of headlines from newspapers across the state at www.biztimes.com.
Milwaukee Biz Blog: Our winter of discontent
As this treacherous winter drags on, business consultant and author Susan Marshall makes a call for civility in today's Milwaukee Biz Blog.
Local stocks hold their ground
The BizTimes Stock Index gained 1.95 points to close at 153.07 Wednesday, and local stocks struggled to hold onto those gains in early morning trading today. The largest local advancers this morning were Manpower Inc. (up $1.16 to $57.80) and A.O. Smith Corp. (up 71 cents to $38.25). The largest local decliners this morning were Kohl's Corp. (down 91 cents to $45.16) and Bucyrus International Inc. (down 93 cents to $45.14). The BizTimes Stock Index was created by Small Business Times and is monitored by North Shore Bank. The index, which measures the stock values of publicly held companies based in southeastern Wisconsin, is updated daily and can be viewed at www.biztimes.com.



