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BUSINESS BYTES

Fairfield Inn opens near U.S. 53 interchange

A new 90-room hotel on Eau Claire’s northeast side near the North Crossing and U.S. 53 interchange opened Friday.

The Fairfield Inn & Suites by Marriott, 1666 Princeton Crossing, will operate as a Marriott franchise and be managed by InnProperties LLC of Eau Claire.

Amenities include lobby computer stations, a 24/7 drink and snack area, indoor pool, fitness room and free Wi-Fi.

Conference room and meeting space can accommodate groups of up to 45 people.

Eau Claire’s RCU plans to expand across border

Eau Claire-based RCU recently announced it has entered into an agreement to buy Capital Bank’s St. Paul location.

“We are pleased to announce the planned acquisition of Capital Bank which will provide more convenient access to our values-driven company in the Minneapolis-Saint Paul metropolitan area,” Rudy Pereira, RCU’s president and CEO stated in a news release.

Under the terms of the agreement, Royal will assume about $35 million total assets. Pending customary closing conditions, including regulatory approval, the acquisition is expected to occur in the second half of 2016.

Once the agreement is finalized, RCU plans to service the acquired assets and liabilities out of Capital Bank’s existing branch at 1020 Rice St. in Saint Paul.

Capital Bank will retain ownership of its 14 other bank locations in rural Minnesota, Iowa and North Dakota.

Certification signals growth for company

Adhesive products developed and made in Eau Claire recently gained independent certification for use in drinking water systems, which prompted the manufacturer to announce it is entering a growth phase.

NSF International’s certification of the RubberMAX Thread Beast and Thread Devil products in March are an important part of growth plans for Adhesive R&D, 4603 Anderson Drive, according to a company news release.

“It is a very important designation for our company, and especially our customers with products in drinking water applications,” Adhesive R&D president and founder Kevin Rosenberg stated in the release.

The company, founded in 2002, develops, manufactures and markets anaerobic adhesives and other products for industrial uses including pumps, motors, fire protection equipment, air compressors, valves, engines and appliances.

From staff reports

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