Indianapolis-based Contour Hardening has new leader, huge growth plans
The small manufacturer in the niche metal heat-treating industry has a new CEO, a new outlook and plans to more than triple annual revenue in five years.
Growth
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Unique CEO leads torrid Salesforce expansion
The driving force behind the explosive growth of Salesforce’s Indianapolis-based Marketing Cloud unit stays out of the local spotlight but is internationally renowned in tech circles.
Growth of Indy-based Defenders home-security company outpaces industry
The local family-run company specializing in home security and smart-home technology has grown 20 percent each of the past two years, with $600 million in revenue projected for 2018.
After manufacturing for others, Foamcraft rolls out own mattress line
The prosperous family-run company is hoping for ieven greater success with its newer, direct-to-consumer line, including its latest product: custom-made mattresses.
New owner, chef give Le Peep needed update
The local chain—under new owner Pars Restaurant Group LLC—is rolling out major changes. The old logo remains but new food and a new look are in the offing.
Soup maker answers call for locally made goods
Lisa Sprunger founded frozen-soup company Urban Ladle in the kitchen of her north-side home, nurturing it into a line of seven frozen soups sold at various, mostly Indiana, retailers.
After split driven by succession planning, family-owned Crew Carwash is in growth mode
This year, Indianapolis’ largest car wash chain—which is also one of the nation’s largest—marks its 70th anniversary. Sort of.
Firm that repairs ultrasound probes grows quickly
Fast-growing Fishers-based Probo Medical serves a niche within a niche: It repairs and refurbishes ultrasound equipment—more specifically, the probes for ultrasound systems.
Centerfield raises $310M, includes 2 local companies among investments
The local recipients are produce distributor IF&P Foods, parent of Indianapolis Fruit and Piazza Produce; and Wild Sports, which makes sports-themed tailgating games and accessories.
Craft brew industry continues to grow but loses froth
The explosive growth in craft breweries is starting to slow in Indiana, and a smattering of players have gone out of business. Yet industry observers remain bullish on the market.
Startup growth improves in metro Indy
The Kauffman Index of Growth Entrepreneurship says the area now ranks 10th among the 40 largest metro areas when it comes to what Kauffman calls “growth entrepreneurship.”
Carmel firm’s acquisition doesn’t slow down its growth
Allegient, now known as the Digital Transformation Solutions division for DMI, is still growing—and that growth could actually accelerate.
Welding supply company finds success in making, selling dry ice
Sutton-Garten Co. has found a way to change with the times while staying true to its roots.
Produce distributor Caito opens $32M facility that makes prepared foods for groceries
In January, the produce distributor opened a $32 million facility designed to cook and package meals and side dishes such as salads, pasta, deli meats and pinwheel sandwich wraps.
Safeway stores get fix-up under new owners
Local grocery chain Safeway, hatched during World War II, has outlasted other homegrown competitors at a time large nationals are increasing their market share.
After fessing up to failings, travel-insurance firm remakes itself
With the help of an outside consultant, Carmel-based Seven Corners Inc. has spent nearly three years on a corporate overhaul.
Sun King Brewery to pop tops on Chicago, Louisville markets
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.
3-year-old CraftMark Bakery already employs 265, plans big expansion
The commercial bakery, which makes frozen bread dough and cookie dough and baked flatbreads for Subway and other quick-service restaurants, started out big and says more growth is coming.
DeveloperTown has success helping larger firms innovate
DeveloperTown has been growing revenue about 40 percent annually over the past five years, a rate that far exceeds what leaders expected when they founded the company in 2010.
U.S. economic growth slowed in fourth quarter
The gross domestic product grew at an annual rate of just 1.9 percent in the October-December period, a slowdown from 3.5 percent growth in the third quarter, the Commerce Department reported Friday.