Issue link: http://www.insightdigital.biz/i/592911
14 | I NSIGH T • N o v e m b e r 2 0 15 w w w . i n s i g h t o n b u s i n e s s . c o m Two Neenah Center, Fifth Floor, Neenah, WI 54956 | 920.967.5020 A secure financial future includes planning for the unexpected. Life-changing events can be overwhelming without proper planning. At Legacy, we've built our reputation on protecting what is most important to you—your family's financial future. Let us help protect your family's financial goals. www.lptrust.com INVESTMENT MANAGEMENT | WEALTH PLANNING | TRUST SERVICES 15144_LPT_Insight_HalfAd_Protect_Nov2015_final.indd 1 10/14/15 4:28 PM Marine, sister company to FBS and member of the Fincantieri Marine Group, and delivered to the USCG in 2006. Manitowoc readies for corporate spinoff e Manitowoc Company, Inc. has made its initial filing of a Form 10 Registration Statement with the U.S. Securities and Exchange Commission in connection with the company's previously announced plan to separate its Cranes and Foodservice businesses. Manitowoc anticipates effecting the separation through a tax-free spin-off of the Foodservice business, which the company expects to be completed in the first quarter of 2016. "We believe that the separation will allow each company to focus on its unique growth profile, product categories, distribution systems and strategic priorities," says Glen E. Tellock, chairman and chief executive officer of the company. "e separation will also enable each company to implement the right organizational structure, operating model and financial targets. e separation remains subject to the approval of the Manitowoc Co. Board of Directors and the satisfaction of certain other customary conditions, including the effectiveness of the Form 10 Registration Statement. » WEST CENTRAL Shawano, Waupaca, Waushara, Marquette, Green Lake Counties Ripon College building project gets a boost Ripon College announced a $14.3 million fixed-rate low-interest loan from the U.S. Department of Agriculture Rural Development division to help finance the cost of renovating and expanding the J.M. Storzer Athletics, Health and Wellness Center. e loan, provided through the Community Facilities Direct Loan program, is designed to develop essential community facilities and foster economic growth. U.S. Sen. Tammy Baldwin (Wis.), U.S. Rep. Glenn Grothman (Wis.), Ripon Mayor Gary Will and area schools and businesses wrote letters of support. "Securing public financing from the USDA is a critical step in our efforts to move ahead with this important project for our campus and the surrounding community," says Zach Messitte, president of Ripon College. "We are now in the process of working with alumni and friends of the college on leadership gis that will help us reach our goal of opening the new facility by the fall of 2017." e project, estimated at between $18 million and $22 million, will be financed using a mix of public and private loans and philanthropy. Send business news updates and photos to edit@insightonbusiness.com.