Polaris rings closing bell on NYSE to celebrate 60 years

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Photo by Josh Kuckens/NYSE

Polaris Industries Chairman and CEO Scott Wine rings the New York Stock Exchange Closing Bell to commemorate Polaris’ 60th year in business at The New York Stock Exchange on Oct. 29th in New York City. (Photo by Josh Kuckens/NYSE)

Sam Black

Senior reporter- Minneapolis / St. Paul Business Journal

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To celebrate the company's 60th birthday, Polaris Industries Inc. is ringing the closing bell at the New York Stock Exchange on Wednesday.

The Medina-based power sports equipment manufacturer also is displaying some of its newest products at an event in front the exchange's building in New York, including the 2015 model of its Indian Scout motorcycle, the Polaris 600 Rush Pro-S snowmobile, the RZR 900 side-by-side vehicle, some of its small electric vehicles and its three-wheel, two-seat roadster called the Slingshot that launched in July.

Polaris started in 1954 in Roseau, Minn., and is credited as producing the first modern snowmobile in 1956. The company became a public company in 1987, trading on the New York Stock Exchange under the symbol PII.

"Innovation is the lifeblood of this company, and we have an incredible global team of nearly 7,000 employees relentlessly focused on driving innovation in everything we do," said Polaris Industries Chairman and CEO Scott Wine in a press release. "As we ring the Closing Bell today, we pause to celebrate 60 years of truly pioneering achievements and the dedicated folks who made it happen."

Wine was the Business Journal's 2014 executive of the year. When he became CEO in 2008, the stock was about $20 per share. Polaris' stock closed Wednesday at $148.31 per share, down less than 1 percent.

Sam Black covers real estate, manufacturing and economic development.