Novolipetsk Steel, one of Russia’s largest steel companies, said yesterday that it has signed a definitive agreement to buy Beta Steel Corp., a Portage-based minimill producer of hot rolled coil, for $400 million. Novolipetsk said it would pair Beta with its August acquisition of John Maneely Co., a Collingswood, N.J., pipe maker that operates a […]
Republic Airways Holdings will operate a dozen 76-seat Embraer aircraft for Milwaukee-based Midwest Airlines, Midwest announced yesterday. Indianapolis-based Republic will operate the planes until Midwest can move the fleet under its own Federal Aviation Administration operating certificate. Midwest will have the option of leasing the Embraer 170 aircraft from Republic. Republic also said it is […]
ArcelorMittal, the Luxembourg steelmaker that operates a mill on Lake Michigan, has sued a coal supplier, claiming the supplier is delivering less coal than their contract stipulates, the Post-Tribune of Merrillville reported. Not only is West Virginia-based Bluestone Coal Corp. shorting the Burns Harbor mill of coal, the suit alleges, but Bluestone is using ArcelorMittal […]
Deaconess Health System in Evansville has bought most of the assets of Welborn Clinic, also based in the southern Indiana city, to form one of the largest doctor groups in Indiana, according to the Evansville Courier & Press. The merged group will be called Deaconess Clinic, and will have more than 80 doctors, 500 employees […]
Michigan-based Kellogg Co. has acquired IndyBake Products LLC, a cracker and cookie bakery headquartered in the western Indiana town of Seelyville, and plans to add 300 full-time and contract jobs over several years to the 80 existing positions. Financial terms were not disclosed. Most existing IndyBake employees will be hired by Kellogg, the Indiana Economic […]
Wheaton World Wide Moving has named two executives to fill the president and CEO positions long held by Stephen F. Burns, who will remain chairman, the Indianapolis moving company announced today. Effective Jan. 1, Chief Operating Officer Mark Kirschner will become CEO and Executive Vice President Dave Witzerman will become president. Burns has led the […]
Doors to the Columbus Inn bed-and-breakfast have been chained and padlocked, according to The Republic of Columbus. The 113-year-old, Romanesque building once housed city hall and now is on the National Register of Historic Places. The newspaper was not able to reach the owners for comment.
Cripe Architects + Engineers, the Indianapolis-based architectural firm, is adding an office in Evansville in addition to its satellite locations in Carmel and Fort Wayne, according to the Evansville Courier & Press. Cripe has 75 employees. Chairman and CEO Alex D. Oak, a Native American, brings the firm minority-owned status.
Land-O-Sun Dairies LLC of Johnston City, Tenn., has acquired Driggs Farms of Indiana LLC, a bankrupt ice cream manufacturer in the northeastern Indiana town of Decatur. Land-O-Sun will continue operating the plant, which employs 200 in a Decatur industrial park, according to The Decatur Daily Democrat. The transition is expected to take place in September.
Falling demand for the hulking H2 Hummer sport-utility vehicle has prompted its manufacturer, Mishawaka-based AM General, to lay off 80 workers, according to the South Bend Tribune. Production at AM General’s northern Indiana plant will be cut to 25 units a day from the volume of 52 a day early this summer as rising gas […]
Angela Braly, who last summer took over as CEO of Indianapolis-based health insurer WellPoint Inc., is ranked No. 4 on Forbes’ latest list of the world’s most powerful women. That’s up from No. 16 last year. The magazine builds the rankings based on a person’s public profile and financial “heft.” Topping the list is Germany […]
Impact Racing LLC, which manufactures fire suits, helmets and other racing gear, plans to expand by building a plant in Clermont, the Indiana Economic Development Corp. said today. The $3.7 million, 20,000-square-foot expansion is expected to result in hiring 100 workers in addition to the 120 currently on the company’s roster. Indianapolis-based Impact Racing received […]
A $100,000 grant from Lilly Endowment is intended to help the Athenaeum raise funds to continue restoration of the downtown landmark. The Athenaeum Foundation said yesterday that the grant will support a development director for two years as the foundation looks to projects that range from tuck-pointing bricks, at a potential cost of $250,000, to […]
Record flooding on June 7 has claimed a downtown Columbus furniture and interior business. Montage Furniture & Design will close after 16 years in business, The Republic newspaper of Columbus reported. More than $100,000 of merchandise was lost when flood waters hit a Montage warehouse. Montage, owned by Trent and Cinde Wirth, will close in […]
Five years after its launch, the Noblesville Daily Times will stop publishing at the end of the week, the newspaper said today on its Web site. “It’s a tough economy, it’s a competitive market, and it’s a tough time for newspapers in general,” Publisher Michael Corbett said in an online story. “All newspapers are wrestling […]
The Indianapolis private-equity firm Hammond Kennedy Whitney & Co. Inc. has financed the recapitalization of Crane Rental Corp. of Orlando, Fla. Hammond Kennedy partner Jim Snyder said the value of the deal was more than $60 million, and involved the existing president of the family-owned company remaining in the post and holding a minority equity […]
Indianapolis-based Celadon Trucking said it will help Farmington, N.Y.-based Priority America wind down its over-the-road trucking operations, but did not disclose the value of the agreement. Celadon will handle some of Priority America’s customer loads and assist a lender retrieve tractors and trailers and collect accounts receivable. However, Celadon will not buy assets of the […]
Fourteen thousand members of the United Steelworkers union are being asked to vote today to permit a strike against domestic plants operated by ArcelorMittal, a Luxembourg-based steel giant. In Indiana, ArcelorMittal has plants in Burns Harbor, East Chicago and New Carlisle. About half of the company’s 14,000 U.S. union employees are in the Indiana plants, […]
Author Solutions has been fined $50,000 for using unauthorized copies of Adobe, Microsoft and Symantec software, the Business Software Alliance announced today. The Bloomington provider of self-publishing services was outed through a report to the alliance’s hotline, the alliance said. Author Solutions President and CEO Kevin Weiss said in a joint statement with the alliance […]
Indiana Attorney General Steve Carter has filed a lawsuit in Steuben County Court against Countrywide Home Loans Inc., alleging that the nation’s largest mortgage lender engaged in deceptive practices that led borrowers to obtain costly and potentially risky loans. He joins attorneys general from four other states in taking action against Calabasas, Calif.-based Countrywide this […]
