Family Business

Tricky transition: Pillows balance family, business as son preps to take over

July 5, 2014
Dan Human
Even before taking over, Eddie Pillow is making changes at the logistics and courier company his dad started in 1988.
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Herb Simon: $160M Pacer deal helps heirsRestricted Content

April 26, 2014
Herb Simon, 79, says the $160 million deal the city struck with the Indiana Pacers this month for operating costs and stadium improvements is an outgrowth of negotiations that began way back in 2007.
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Beck’s Hybrids prospers against far bigger firmsRestricted Content

April 19, 2014
Andrea Muirragui Davis
When Lawrence and Francis Beck planted six acres of hybrid corn on their Hamilton County farm almost eight decades ago, the father and son sowed the seeds of a family business that’s still growing despite widespread industry consolidation.
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Irsay arrest spurs talk of Colts succession planRestricted Content

March 22, 2014
Anthony Schoettle
Indianapolis Colts owner Jim Irsay gave a clear signal in 2012 about his long-term succession plan by naming his three daughters vice chairwomen and co-owners. His March 16 arrest might hasten the launch of that plan, or at the very least give Colts fans a glimpse of what it will look like.
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After 9-year hiatus, Caplinger family opens new fish marketRestricted Content

January 18, 2014
Scott Olson
Veteran seafood operators Nick and Andrew Caplinger opened a shop in December at East 75th Street and Shadeland Avenue that boasts a wide variety of fresh fish.
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Noblesville company taking on industry giants with healthier snacksRestricted Content

September 28, 2013
Andrea Muirragui Davis
The Darlington snack company for 30 years peddled sweet treats to large institutional users—think schools, hospitals and nursing homes. But growing concerns over America’s obesity epidemic have the small Noblesville company hanging its hopes on healthier fare: all-natural, whole-grain-rich snacks.
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'Prototyper' sees business gain fizzRestricted Content

August 24, 2013
Dan Human
TWeatherford Inc. was launched in 2006 as a reseller for additive manufacturing equipment, often called 3D printers or rapid prototypers. It has done well with the machinery sales and rentals, but has begun providing actual manufacturing services on a larger scale.
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David and Marilyn Shank are survivors in PR industry

June 29, 2013
Chris O'Malley
Over the last quarter century, the husband-wife duo has outlived a number of bigger and slicker competitors, even as the Great Recession decimated some bigger PR and advertising shops.
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Glass magic coming to end for venerable Fox StudiosRestricted Content

June 22, 2013
Scott Olson
Fox Studios Inc., the venerable stained glass company whose work is on display at countless churches throughout the state and even the Indiana Statehouse, is closing.
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Tiny Lebanon firm prevails in multimillion-dollar patent caseRestricted Content

June 22, 2013
Anthony Schoettle
In the past 18 months, Larry Durkos—who invented a machine that attaches metal bed box springs and coils to wood frames—has scored two stunning victories over Leggett & Platt Inc., a Missouri-based box-spring conglomerate.
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Indy startup sees green in cheaper 3D printing

May 25, 2013
Dan Human
Launched in January, 3D Parts Manufacturing joined a recent surge in rapid prototyping and additive manufacturing operations known as 3D printers. Rather than screwing and gluing parts together, operators plug digital designs into machines that shape plastic and metal powders from the bottom up, one microscopic level at a time.
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Sisters put sophisticated spin on popcornRestricted Content

February 9, 2013
Andrea Muirragui Davis
Just Pop In! retail stores feature traditional, popular flavors like caramel and cheddar—and an “Indy Style” mixture of the two—but a dizzying array of more imaginative concoctions sets the local chain apart.
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Trafalgar company bringing reflective technology to consumer marketRestricted Content

January 19, 2013
Chris O'Malley
Halo Coatings, founded in 2007, spent its early years licensing its proprietary reflective technology for powder-coating applications to companies involved in highway infrastructure, such as guardrails. But it's now shifting its focus to the big players in the apparel, medical and consumer-product fields.
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Boutique Anderson ad agency expanding to IndianapolisRestricted Content

June 23, 2012
Anthony Schoettle
Four-person shop opening office downtown got its start at Flagship Enterprise incubator.
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Firm finds opportunity helping employers with hiringRestricted Content

April 28, 2012
Andrea Muirragui Davis
Rushville-based Barada Associates Inc. specializes in helping business clients make good hiring decisions—services that have become more popular as companies find themselves inundated with eager applicants looking for work.
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Law change allows entrepreneurs to market homemade foodRestricted Content

April 21, 2012
Sam Stall
Many Indiana home-based food businesses owe their existence to a law enacted in 2009 that allows them to sell certain types of foods at farmers’ markets and their own roadside stands with minimal state oversight.
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N.K. Hurst's unsexy beans fill bottom shelf, bottom lineRestricted Content

March 24, 2012
Sam Stall
N.K. Hurst Co. Inc. sells roughly 20 million packages of dried beans and bean soup mixes a year, from the West McCarty Street packaging plant it has operated since 1938. It has only about 50 employees, but its products are ubiquitous in the grocery industry.
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Great-grandson of LDI's founder prepares to take reinsRestricted Content

January 7, 2012
Kathleen McLaughlin
In a world that likes to see businesses grow by leaps and bounds, LDI Ltd. is a tortoise. The family-owned holding company typically hangs onto firms in its portfolio for 15 years or more. It might take more than two years to zero in on an acquisition target. And it’s putting its next CEO, J.A. Lacy, through a year-long apprenticeship.
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Martinsville Candy Kitchen hangs hopes on handmade canes

November 26, 2011
Andrea Muirragui Davis
Martinsville candy
                           canes watch videoShop owners John and Pam Badger churn out more than 20,000 candy canes in November and December, but they'd like to boost business the other 10 months of the year.
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Carmel resident takes entrepreneurship plunge with Amy's PJsRestricted Content

November 5, 2011
 IBJ Staff
Amy Graham left her job as marketing director of a plastic surgery practice early this year to pursue her dream of running a high-end pajama boutique.
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Electronics manufacturer sees increasing demandRestricted Content

November 5, 2011
 IBJ Staff
A 65-year-old Indianapolis firm, Carson Manufacturing Co., is expanding its capabilities in printed circuit boards.
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Global micro lender Grameen ramps up in IndianapolisRestricted Content

August 6, 2011
Low-income women could receive loans in weeks.
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Matriarch's work ethic inspires Holiday World staffRestricted Content

July 9, 2011
Ann Finch
Pat Koch, whose official title at her family-owned Holiday World theme park is director of values, sets a high bar for hard work and dedication.
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Speedway's new generation makes markRestricted Content

May 28, 2011
Anthony Schoettle
While the Indianapolis Motor Speedway revels in its centennial this month and motorsports aficionados take a nostalgic look back, the next generation of heirs to the Hulman George fortune has its eyes firmly fixed on the future.
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Family has steely plan for shifting business to next generationRestricted Content

May 28, 2011
Norm Heikens
Westfield Steel owners Karyn and Fred Prine are well on the way to transitioning to the next generation—son Fritz—thanks to timely planning.
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