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gas-powered sled
Pete Peterson commissions 'gas-powered' sled from Hetteen Hoist and Derrick. -
primary business
Snowmobiles become primary business of Hetteen Hoist and Derrick, later renamed Polaris Industries. -
controlling interest
Hetteen sells controlling interest in Polaris Industries -
Hetteen moves operations
Hetteen moves operations to Thief River Falls, Minnesota, and founds Polar Manufacturing Company -
Arctic Enterprises
Polar Manufacturing is renamed Arctic Enterprises, Inc.; Arctic Cat 100, the first front-engined sport sled, is introduced -
$21.7 million
Annual sales reach $21.7 million -
Arctic Enterprises
Arctic Enterprises acquires Silverline Inc. of Moorhead, Minnesota -
Sales plummet
Sales plummet and bankers call Arctic Enterprises' $48.5 million in loans; company files for bankruptcy. -
Arctco, Inc
Arctco, Inc. is founded by Edgar Hetteen and investors -
Company produces
Company produces the first of its all-terrain vehicles (ATVs); Arctco changes its name to Arctic Cat Inc.