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. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...