Manufacturing & Technology

Hillenbrand acquiring conveyor manufacturer

January 11, 2010
The Batesville holding company said it will purchase K-Tron International Inc. in New Jersey for about $435 million, including $45 million in K-Tron debt and cash on hand. The deal is expected to close by the end of March.
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Law firm Alerding Castor Hewitt hires ExactTarget's ex-general counselRestricted Content

January 9, 2010
Peter Schnitzler
William Boncosky spent seven years at the ExactTarget, a span when the firm's employment grew from 14 to 500.
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High-end audio firm Indy Audio Labs powers up with new hires

January 9, 2010
 IBJ Staff
An upstart audio products company with offices at Purdue Research Park at AmeriPlex has brought in big guns to launch sales.
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Alcoa plant in Indiana plans up to 145 layoffs

January 6, 2010
Alcoa's Warrick Operations in Newburgh said the layoffs in its rigid packaging division are in response to a declining demand for its products.
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Local distributor of janitorial supplies makes acquisition

January 5, 2010
Scott Olson
Indianapolis-based HP Products Corp. announced Tuesday morning that it has completed its acquisition of Great Lakes Supply and Chemical in Michigan City.
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Brightpoint quarterly estimate below expectations

January 4, 2010
Associated Press
Cell phone distributor predicts fourth-quarter results below analyst estimates, sending shares down in aftermarket activity.
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Packard parts supplier thrives, but nostalgic niche may fade

January 4, 2010
Mason King
Packard
                           watch videoFranklin is home to one of the nation's foremost sellers of antique car components, but co-owners Fred Bruner and Max Merritt fear the ride might be slowing.
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ChaCha raises $7 million in venture funding

January 4, 2010
ChaCha, a Carmel-based mobile search engine, announced Monday morning that it has closed on $7 million in venture funding.
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Hancock County to consider battery plant proposal

January 4, 2010
 IBJ Staff and Associated Press
Hancock County officials will consider a request by lithium battery maker EnerDel to set up operations in a business park near Indianapolis.
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Health care software firm RealMed regains momentum

January 2, 2010
Peter Schnitzler
RealMed enjoys a nearly 99-percent renewal rate among its current customers and attracted 4,000 new doctors in 2009. Employment at the company is rising after a steady decline.
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COTA: Getting things done is more than just a resolution

January 2, 2010
Jim Cota
When the work seems to pile up, OmniFocus and Things can help productivity.
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IUPUI dedicates engineering lab funded by Carrier Corp.

January 2, 2010
 IBJ Staff
Over the past four years, Carrier has donated $71,000 for the purchase of equipment and software that will allow mechanical engineering students at IUPUI to do more advanced work.
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ALTOM: How does 3G matter to your cell phone?Restricted Content

January 2, 2010
Tim Altom
3G is the third generation of cell technology and is designed to make it easier to send video and other bandwidth-hungry material.
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Slump sets Hoosier job levels back 14 years

December 26, 2009
Norm Heikens
The 131,000 jobs lost in the 12 months ended in November amounted to a 7.2-percent decline and were nearly equivalent to the combined populations of Carmel and Fishers.
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First decade of century marked by buyouts and bubbles

December 26, 2009
J.K. Wall
The decade witnessed a massive terrorist attack, two wars, and a building-and-buyout boom fueled by easy credit.
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Omnicity continues wireless broadband acquisition spree

December 24, 2009
Chris O'Malley
Omnicity makes seventh acquisition since going public in February. The Rushville company aims to be nation's largest wireless broadband provider in rural markets.
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Elkhart County OKs tax break for electric car maker

December 23, 2009
 IBJ Staff and Associated Press
Hard-hit Elkhart County could become home three electric vehicle manufacturers if a Norwegian company chooses northern Indiana as the site for a new factory.
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Connersville to borrow $3.5 million to clean up Visteon site

December 22, 2009
Kathleen McLaughlin
The city of Connersville will borrow as much as $3.5 million to clean up the former Visteon site where a startup company wants to build police cars.
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Rolls-Royce bags $160M military contract

December 21, 2009
 IBJ Staff
Rolls-Royce Corp.'s Indianapolis operations will manufacture 78 turboshaft engines for U.S. Navy and Air Force helicopters under the terms of a mammoth $160.6 million military contract.
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ALTOM: Here are some technology glitches to put behind us in 2010Restricted Content

December 19, 2009
Tim Altom
If you’re not involved in one of these massive failures, you can take solace in the much smaller problems you have every day.
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Indy Power Systems technology cited by Discovery magazine

December 19, 2009
 IBJ Staff
Founder Steve Tolen started out to make an electric car and wound up with a device to blend and regulate power among different types of electric batteries.
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Delphi to add 190 jobs in Kokomo

December 18, 2009
 IBJ Staff
Delphi Corp. brought some good news to the beleaguered city of Kokomo on Friday, announcing plans open a production facility there, creating about 190 jobs by 2014.
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Brightpoint pays $31M for distribution facility

December 17, 2009
Cory Schouten
Locally based Brightpoint Inc. has closed on a $31 million deal to purchase its 495,000-square-foot distribution facility in Plainfield.
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Cummins engine business president stepping down

December 16, 2009
 IBJ Staff and Associated Press
Engine maker Cummins Inc. said the head of its engine business is leaving his role in March to pursue other projects at the company. Jim Kelly joined the company in 1976 and was promoted to president of the engine business in 2005.
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IT firm officially announces plans to create 200 jobs

December 15, 2009
Scott Olson
Executives from BC Forward, Indianapolis’ largest computer consulting firm, said Tuesday the company will get even bigger, with the addition of 200 jobs by 2012.
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  1. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

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  3. is a disaster. SR37 already needs to be built to interstate standards between 465 and SR144. Southport Road is a mess each morning and evening.

  4. Bass Pro Shops would be good for the mall as well as a Giant Eagle Market District or a Jungle Jim's International Market Place grocery store like the one near Cincinnati Ohio.A Disney quest indoor theme park would be good.An Academy outdoor store would be good too.Indoor Circus shows and magic shows would be good as well. A casino with sports bar would be good.A Disney theater inside that shows movies and Broadway shows would work.Nashville Tennessee concert shops with indoor neon lights would be good.How about a theater that shows travel shows and theme parks. A train store would be good.How about a giant toy store with high tech video games.

  5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

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