Local manufacturer with 100 workers set to close

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A manufacturer that has roots in Indianapolis dating to 1924 plans to permanently cease operations in late November unless it can find a buyer for the business.

In a notice to the state Wednesday, CMW International LLC said all 100 of its employees would lose their jobs if a buyer wasn’t found before Nov. 23.  

The company manufactures electrical contacts at a single plant at 70 S. Gray St., less than a block away from East Washington Street between Rural Street and Sherman Drive.

About 25 of the employees are in management and about 75 are production workers represented by the International Union of Electronic, Electrical, Salaried, Machine and Furniture Works.

CMW officials said it has been in “intense negotiations with its creditors,” but its assets have been taken over by a court-appointed receiver, Alliance Management.

“We are very disappointed that business conditions have deteriorated and have dictated this decision,” that company said in its letter to the state.

CMW was a spinoff of battery maker P.R.  Mallory & Co. Inc., which operated in Indianapolis from 1924 until the late 1970s, when it was acquired by Dart Industries of Los Angeles. Mallory was a Fortune 500 company that employed more than 11,000 people at its heyday in the 1960s and 1970s, including 1,500 in Indianapolis.

CMW still operates in a building that was part of the original P.R. Mallory complex. An ongoing effort has been made in recent years to redevelop part of the Mallory property.



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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?