Business Closures

Indiana Limestone wins court approval for auction

March 17, 2014
 Bloomberg News and IBJ Staff
The owner of Indiana Limestone Co. has received court approval to hold an April sale to see whether there are any better offers for virtually all its assets than the $26 million bid by lender Indiana Commercial Finance LLC.
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Bloomington limestone firm to close, lay off 166

February 25, 2014
 IBJ Staff
An 88-year-old Indiana company that supplied limestone to many of the country's most important buildings is going out of business.
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Developer loses fraud appeal

December 28, 2012
Scott Olson
The Indiana Court of Appeals affirmed Christopher White's 2009 conviction, resulting from a $500,000 bad check he wrote as he tried to save his real estate development firm.
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Home builder Estridge promises to finish homes, fight onRestricted Content

March 19, 2011
Anthony Schoettle
Paul Estridge Jr. says he’s in talks with three investors who are interested in keeping his company in business.
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Logistics firm closing in Plainfield, leaving 126 jobless

February 4, 2010
NAL Worldwide, which provides third-party logistics and supply-chain services, plans to close its Plainfield location March 31.
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Legislation to protect car dealers re-emerges at StatehouseRestricted Content

January 16, 2010
Chris O'Malley
Dozens of Chrysler and General Motors dealers in Indiana were terminated last year. Now, a dealer trade group wants to block automakers from preying on termination fears to wrest concessions from surviving dealers.
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Housing meltdown claims at least one homebuilder

December 26, 2009
Scott Olson
Two more local homebuilders fell victim in 2009 to the prolonged meltdown of the housing market. Carmel-based C.P. Morgan Communities LP closed in February, and Indianapolis-based Hansen & Horn Group Inc. is teetering on the edge of bankruptcy.
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Longtime Fall Creek shop cuts baitRestricted Content

May 11, 2009
Fall Creek Bait & Tackle is closing after 42 years in business.
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Quality-control firm launches after key player foldsRestricted Content

April 13, 2009
Kathleen McLaughlin
Entrepreneur Steven J. Cage has launched a new quality-control business after the one he built into an industry leader shuttered suddenly.
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Auto sellers want refuge from industry fallout, but trio of bills have fallen flat at StatehouseRestricted Content

March 30, 2009
Chris O'Malley
Car dealers fearful of losing their flagship brands if auto manufacturers crash and burn aren't getting much help from the Indiana General Assembly.
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HHGregg vying to win customers of Circuit CityRestricted Content

February 9, 2009
Scott Olson
Company officials think HHGregg is well-positioned to fill the void that Circuit City Stores Inc. will leave when its stores are closed.
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Davis Homes folds, other builders struggleRestricted Content

December 29, 2008
Cory Schouten
Davis Homes, one of the state's largest home builders, fell victim to the tough housing market, ceasing operations July 23.
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