Pohlads enter electronics business with Polaroid deal

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Via News Release

“Less than one week after exiting the banking business, Minnesota’s Pohlad family is entering the world of consumer electronics.

The family’s main investment arm earlier this week closed a $70 million deal to acquire majority ownership of Polaroid and the right to license its still marketable name to manufacturers across the globe.  Polaroid was once part of the corporate world of Tom Petters, the former Wayzata businessman whose businesses collapsed under the weight of a $3.65 billion Ponzi scheme that landed Petters in prison for 50 years.”

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