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Otter Tail Corp.

Otter Tail Corp.

Sector: Electric Services Region: MN, United States


: | Nasdaq: OTTR


Similar to: Northland Power, Inc., Hafslund ASA, SeaEnergy Plc

Otter Tail Corp. is engaged in the electric utility, wind energy and infrastructure businesses. It operates through the following segments: Electric, Wind Energy, Manufacturing, Construction and Plastics. The Electric segment operates through two subsidiaries: Otter Tail Power Co. and Otter Tail Energy Services Co. The Otter Tail Power Co. engages in the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota. The Otter Tail Energy Services Co. provides technical and engineering services, wind farm site development and energy lighting primarily in North Dakota and Minnesota. The Wind Energy segment operates through its subsidiary, DMI Industries, Inc., a steel fabrication company, primarily involved in the manufacturing of wind towers sold in the U.S and Canada, with manufacturing facilities in North Dakota, Oklahoma and Ontario, Canada. The Manufacturing segment operates through three subsidiaries: BTD Manufacturing, Inc., ShoreMaster, Inc. and T. O. Plastics, Inc. This segment is engaged in the manufacturing activities, including contract machining, metal parts stamping and fabrication, and manufacturing waterfront equipment, material and handling trays and horticultural containers. The Construction segment operates through two subsidiaries: Foley Co. and Aevenia, Inc. This segment engages in the residential, commercial and industrial electric contracting and construction of fiber optic and electric distribution systems, water, wastewater and heating, ventilation, and air conditioning systems primarily in the central United States. The Plastics segment operates through two subsidiaries: Northern Pipe Products, Inc. and Vinyltech Corp. This segment is engaged in producing polyvinyl chloride pipe in the upper Midwest and Southwest regions of the U.S. Otter Tail was founded in 1907 and is headquartered in Fergus Falls, MN.

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