By Neal St. Anthony, Star Tribune
“California-based Shutterfly, the big online retailer and manufacturer of personalized photography and related products and services, plans to pay $825 million in c
ash to buy Eden Prairie-based Lifetouch, an employee-owned company and a leader in school photography.
“We’re focused on growing both these businesses,” Shutterfly CEO Chris North said in a visit to Eden Prairie Tuesday. “We’re just now bringing the two teams together. We’re going to bring Shutterfly products to Lifetouch, as well as our cloud-based management system.”