Manufacturers

Slinky maker’s owner buys bankrupt Fundex for $1.7M

December 20, 2012
Scott Olson
Private equity firm Propel Equity Partners is acquiring Fundex following a court-ordered auction in which a surprise bidder surfaced, driving up the price of the company.
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GM to buy back 200M shares as part of government exit

December 19, 2012
Associated Press
The Treasury plans to sell its remaining stake in General Motors over the next 15 months, allowing the automaker to shed the stigma of being partly owned by the U.S. government.
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Chrysler plans 400 more jobs, $212M expansion in Kokomo

December 17, 2012
Dan Human
Chrysler Group LLC on Monday night said it was planning to spend as much $212 million on another expansion in Kokomo that could add more than 400 jobs.
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Startup's stuffed toys help kids do goodRestricted Content

December 15, 2012
Andrea Muirragui Davis
Indianapolis-based Promise Monsters makes and sell plush toys that promote kindness through secret “missions” kids are asked to complete.
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Carmel poised to gain HQ of new public company

December 14, 2012
Scott Olson
Ingersoll-Rand PLC said it plans to spin off its commercial and residential security unit, which is headquartered in Carmel, into a separate public company. The security division has $2 billion in annual revenue and 1,300 employees in the Indianapolis area.
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Remy rises in first day of trading on NASDAQ exchange

December 13, 2012
Shares of the Pendleton-based company opened Thursday at $15.85 each and climbed to $16.50 by the end of the day. The stock had previously been listed on the thinly traded pink sheets.
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Cheerleading CEO to become chief at Herff Jones

December 11, 2012
Kathleen McLaughlin
The founder of a cheerleading-supply company will become the next CEO of Indianapolis-based Herff Jones Inc., one of the city's largest private companies.
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Subaru still considering Indiana plant expansion

December 5, 2012
Bloomberg News
Fuji Heavy Industries Ltd.’s Subaru unit is studying whether to expand its Indiana auto-assembly plant as the Toyota Motor Corp. affiliate seeks to boost U.S. output to curb currency losses and meet growing demand for its models.
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Slinky maker hoping to purchase bankrupt Fundex

December 4, 2012
Scott Olson
Plainfield-based Fundex Games Ltd., which filed for bankruptcy protection in September, said Poof-Slinky Inc. is the only potential purchaser that has shown interest in acquiring the company's assets.
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Auto parts supplier expanding Indiana operations

November 30, 2012
Associated Press
Tenneco Inc. plans on spending $18.5 million to expand its northeastern Indiana operations after winning a contract to supply emission-control parts to Chrysler. The manufacturer said it will hire an additional 100 workers.
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Honda gets a makeover, revamps Civic to fix flaws

November 29, 2012
Associated Press
Just 19 months after its Civic compact, which is manufactured in Greensburg, hit showrooms and was slammed by critics, Honda has revamped the car, giving it a sportier look and upgrading the interior.
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Hostess, union unsuccessful in court-ordered mediation

November 20, 2012
Associated Press
The maker of Twinkies and Ding Dongs said late Tuesday that it failed to reach an agreement with its second-biggest union. As a result, Hostess plans to continue with a hearing on Wednesday in which a bankruptcy court judge will decide if the company can close its operations.
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Allison negotiators extend contracts until next week

November 15, 2012
Dan Human
The commercial transmission maker's existing contracts, which were set to expire at 11:59 p.m. Wednesday, will remain in force until noon Nov. 21.
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Hostess: Firm to liquidate unless workers return Thursday

November 14, 2012
Dan Human
The maker of Wonder bread and Twinkies said it doesn't have the financial resources to survive the ongoing strike by the bakers' union.
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Truck-parts supplier expanding in Plainfield, adding 82 jobs

November 13, 2012
Troy, Mich.-based Meritor Inc., a global supplier of commercial truck parts, said it will consolidate North American remanufacturing operations by moving production from Ontario, Canada, to its facility in Hendricks County.
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Allison Transmission workers may strike this week

November 13, 2012
Dan Human
Members of United Auto Workers Local 933, which represents roughly 1,500 hourly workers, could declare a strike if negotiators do not reach an agreement with Allison Transmission by a Wednesday deadline.
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Hostess mulling Indiana plant closures after walkout

November 12, 2012
 IBJ Staff and Bloomberg News
A Hostess spokesman said the company is debating whether it will close its Indiana plants after workers went on strike on Friday. Hostess employs about 875 workers in Indiana, including 288 in Indianapolis.
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Calumet's sales, profit boom after acquisitions

October 31, 2012
 IBJ Staff
Calumet Specialty Products Partners LP’s profit more than doubled in the third quarter, helped by huge gains in the fuel-products side of its business following several acquisitions.
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Cummins posts lower quarterly profit, revenue

October 31, 2012
The Columbus-based manufacturer of diesel engines reported profit of $352 million, or $1.86 per share, compared with $452 million, or $2.35 per share, in the year-ago period.
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Allison lowers outlook after profit slides 17 percent

October 29, 2012
 IBJ Staff
Allison Transmission Holdings Inc.’s profit dropped 17 percent in the third quarter after sales slid 14 percent.
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Container makers want to restore fizz to state's recycling fundRestricted Content

October 27, 2012
 IBJ Staff
The money, long ago diverted by Gov. Daniels to the state's general fund, would help reduce landfill waste and lower manufacturing costs.
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Filtration manufacturer moving from Fishers to Anderson

October 23, 2012
Associated Press
Hy-Pro Filtration plans a $10.5 million construction project for its new facility and will move more than 100 employees from Fishers to Anderson next year.
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Navistar reaches engine deal with Cummins

October 22, 2012
Associated Press
Navistar International Corp. said Monday that it reached long-term supply agreements that will allow the company to put Cummins Inc. engines in some of its largest trucks, as well as use its emissions-reducing technology.
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UPS Foundation providing $50,000 for technology programRestricted Content

October 20, 2012
 IBJ Staff
The Hire Technology manufacturing-logistics curriculum was developed by Conexus in partnership with Ivy Tech Community College.
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Cummins to lay off at least 150 from Indiana plants

October 18, 2012
Associated Press
Engine maker Cummins Inc. says it will lay off at least 150 workers from its southern Indiana factories as it carries out its plan to cut up to 1,500 jobs worldwide by year's end.
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