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Manufacturing & Technology
Firm's Klipsch purchase hasn't rocked Wall Street
February 9, 2013
Dan HumanVoxx International Corp.’s $166 million buyout of Indianapolis-based speaker maker Klipsch Group two years ago so far
hasn’t generated the excitement on Wall Street that Voxx wants.
MoreSensient plans to move Indy headquarters to Chicago
February 8, 2013
IBJ StaffMilwaukee-based Sensient Technologies Corp. said Friday it plans to move its Indianapolis-based Flavors & Fragrances Group
corporate headquarters to Chicago before mid-2014.
MoreCalumet jumps into $300 million refinery joint venture
February 7, 2013
Dan HumanCalumet Specialty Products Partners LP plans to build a $300 million diesel refinery in North Dakota as part of a joint venture
with energy company MDU Resources Group Inc., the firms announced after markets closed Thursday.
MoreCummins' earnings, revenue fall on weaker demand
February 6, 2013
IBJ StaffEngine maker Cummins Inc. saw profit sink 30 percent in the fourth quarter as demand for its products fell in both domestic
and international markets. Full-year profit and revenue also fell.
MorePurdue lands $14.5M to expand nanotechnology portal
February 5, 2013
J.K. WallPurdue University announced Tuesday that some of its researchers won a five-year, $14.5 million grant from the National Science
Foundation to expand the school’s online gateway for instruction, research and simulations in nanotechnology.
MoreLocal tool supplier plans to expand, add 20 jobs
February 5, 2013
Indianapolis-based Hahn Systems LLC said it will add 20 jobs by 2016 as part of a $900,000 expansion that includes purchasing
and equipping a 27,000-square-foot facility.
MoreHealth care startups hungry for funds
February 2, 2013
J.K. WallFrustrated by up-and-down state funding for startup life sciences companies, industry leaders are talking up a plan to create
a dedicated funding stream that could total $30 million a year.
MoreEmmis executive a technology pioneer
February 2, 2013
Anthony SchoettlePaul Brenner, chief technology officer for Emmis Communications Corp., is largely credited with pioneering two recent technological
breakthroughs that could pump badly needed revenue into the radio industry.
MoreRemy International CEO Weber stepping down
February 1, 2013
Dan HumanRemy International Inc. President and CEO John Weber will resign at the end of February after leading the company for seven
years, the Pendleton-based automotive supplier announced Friday.
MoreGM moving 80 jobs from Castleton to Michigan
January 30, 2013
Associated PressGeneral Motors on Wednesday said it plans to move 80 jobs from Indianapolis to Pontiac, Mich., as part of a plan to expand
its engine and transmission development headquarters.
MoreDivision of Carmel firm plans 300 jobs in Fort Wayne
January 29, 2013
Associated PressAccelerated Tanks and Trailers, a division of a Carmel-based company, plans to open a Fort Wayne manufacturing plant that
could bring about 300 new jobs to northeast Indiana by 2016.
MoreSale of family-owned business leads to lawsuit
January 28, 2013
Scott OlsonDeborah Ecksten, a former shareholder of Indianapolis-based Createc Corp., is suing her brother and mother, claiming they
earned multimillion-dollar profits at her expense by selling the company without her knowledge.
MoreChaCha secures $14M investment to expand services
January 28, 2013
Scott OlsonThe latest round of funding will enable ChaCha to make "significant" investments in new products to expand both mobile and
online services, CEO Scott Jones said. Internally, the project is dubbed "Go Big."
MoreHillenbrand diversifies by growing whole new business
January 26, 2013
Kathleen McLaughlinCasket company turns heads with aggressive foray into equipment manufacturing.
MoreMarketer SmallBox helping clients improve their cultures
January 26, 2013
Andrea Muirragui DavisIn mid-2011, the staff of local Web marketing firm SmallBox began a period of self-reflection that allowed the team to identify
its “North Star,” the purpose, mission and vision that keeps a company headed in the right direction. It's now
spreading the word.
MoreTool-maker Hurco makes headway after tough stretch
January 26, 2013
Dan HumanThe company, which develops computer-controlled equipment for cutting and forming metal, made progress in fiscal 2012 toward
restoring profitability to pre-recession levels.
MoreMaker of app that helps not-for-profits gets seed funding
January 26, 2013
IBJ StaffCause.it, founded by students from I.U. and Purdue, was awarded $500,000 by Innovate Indiana.
MoreRolls-Royce cutting production jobs in Indy
January 25, 2013
Dan HumanRolls-Royce has offered buyouts and early retirement to 28 union production workers because of decreased product demand. The
company declined to say whether any non-union workers were being cut.
MoreCarmel tech consultant plans expansion, 36 jobs
January 24, 2013
Allegient LLC said it will add the jobs by 2017 and expand its Carmel headquarters by 4,000 square feet.
MoreLocal tooling manufacturer acquired by private-equity firm
January 21, 2013
Techniks Inc., a designer and distributor of industrial cutting tools, has been acquired by Tenex Capital Management. Tenex,
in turn, merged Techniks into another of its companies, Jasper-based Nap Gladu, to form a new holding company.
MoreTrafalgar company bringing reflective technology to consumer market
January 19, 2013
Chris O'MalleyHalo 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.
MoreFormer BrightPoint exec joins Angie’s List as COO
January 17, 2013
Scott OlsonJ. Mark Howell will join the Indianapolis-based public company March 1. Howell previously spent 18 years as an executive with
BrightPoint Inc., which was acquired in October by California-based Ingram Micro Inc.
MoreFishers auto supplier moving to Anderson
January 16, 2013
Keihin North America Inc. plans to relocate between 130 and 175 management, engineering and development jobs to the Flagship
Enterprise Center.
MoreSun King brewery lands tax breaks for expansion
January 16, 2013
Scott OlsonThe downtown brewery plans to spend $2.1 million on additional equipment and add 20 jobs by 2016 in exchange for a tax abatement
from the city.
MoreFoul odor spurs Oliver Winery hard-cider lawsuit
January 15, 2013
Scott OlsonThe Bloomington-based winery claims in a federal lawsuit that it was forced to recall its hard apple cider due to defective
cans provided by Ball Metal Beverage Container Corp.
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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.