Mickey Maurer and Bob Schloss have shared ownership of the media company for 27 years but decided to bring in Nate Feltman as part of their succession plan.
Despite the layoffs and the loss of several major contracts at the east-side manufacturing plant, Adidas officials say they intend to continue operating and investing in the facility.
The Indianapolis brewery plans to expand its reach outside Indiana for the first time with distribution to “hundreds of liquor and grocery stores, bars and restaurants" in the two new markets.
Founded in 2009, Stratosphere Quality pushed revenues to about $122 million last year. It employs about 2,300 workers in 22 states, including about 400 in Indiana.
Q&A with Andre Lacy, LDI Ltd.: "Somebody asked me within the last six months, how many miles have I ridden? I started adding it up. I’ve ridden more than 200,000 miles."
More than a year after the local shutdown announcement that landed Carrier Corp. in the national news, the manufacturer has finally released an official count of the number of jobs it plans to cut.
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