Minnesota Rusco has officially confirmed that it closed down after 70 years in business.

A statement posted on its website Thursday morning confirmed what was first reported by Bring Me The News, with the remodeling company founded in 1955 ceasing all operations.

"With heavy hearts we regrettably inform you, Minnesota Rusco, a Renovo Home Partners company, has ceased all operations," the statement reads.

"We would like to wish our staff and their families the best as they navigate these difficult times and thank all of Minnesota for their 70 years of support and trust."

The New Hope-based company informed staff on Tuesday morning of the business's sudden closure, multiple sources told Bring Me The News.

As of Thursday morning, no bankruptcy filings or layoff notices relating to the co

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