visimoney
TLDR:
- Minnesota Adult & Teen Challenge purchased an addiction treatment center in Garden City for $8 million.
- Ceramic Industrial Coatings sold its manufacturing plant in Osseo for $7 million.
Minnesota Adult & Teen Challenge, a Minneapolis-based organization, acquired the Wellcome Manor Family Services center in Garden City for $8 million. The center offers programs for women and women with children. This acquisition adds to the organization’s 14 locations that provide recovery programs, treatment programs, outpatient groups, aftercare, and alumni services.
On the other hand, Ceramic Industrial Coatings sold its 90,000-square-foot manufacturing plant in Osseo to MFP Osseo 2024 Property LLC for $7 million. The sale came after the company was acquired by Canlak Coatings Inc. The real estate was not included in the acquisition, and the company now leases the property from the Florida property owner.
Full Article:
Minnesota Adult & Teen Challenge, a Minneapolis-based organization that provides addiction treatment programs, recently purchased the Wellcome Manor Family Services center in Garden City for $8 million. The residential campus offers specialized programs for women and women with children, expanding the organization’s reach in providing recovery and treatment services. With 14 locations in total, Minnesota Adult & Teen Challenge offers long-term recovery programs, short-term treatment programs, outpatient groups, aftercare, and alumni services.
In a separate transaction, Ceramic Industrial Coatings sold its 90,000-square-foot manufacturing plant in Osseo for $7 million. The sale was made to MFP Osseo 2024 Property LLC, a private investor from Florida. Following the acquisition of Ceramic Industrial Coatings by Canlak Coatings Inc., the real estate was not included in the deal, and the company now leases the property from the Florida property owner. Ceramic Industrial Coatings specializes in manufacturing wood coating systems and related CASE products.
