Slinky maker hoping to purchase bankrupt Fundex
Plainfield-based Fundex Games Ltd., which filed for bankruptcy protection in September, said Poof-Slinky Inc. is the only potential purchaser that has shown interest in acquiring the company’s assets.
Hendricks County
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Truck-parts supplier expanding in Plainfield, adding 82 jobs
Troy, Mich.-based Meritor Inc., a global supplier of commercial truck parts, said it will consolidate North American remanufacturing operations by moving production from Ontario, Canada, to its facility in Hendricks County.
Wisconsin firm consolidates into Plainfield, plans 50 new jobs
Regal Beloit Corp. said it plans to move operations from multiple Midwestern warehouses into a new, 376,000-square-foot warehouse in Browning Investments' and Duke Realty Corp.'s AllPoints Midwest industrial park.
Airport’s ground game fueling tensions
The Indianapolis Airport Authority’s aggressive effort to stop an Ohio firm from building a parking facility beyond airport boundaries has neighbors worrying the municipality will unleash its lawyers on virtually any nearby business deemed a threat to airport revenue.
Vincennes logistics program gets box of money from federal government
$2.9 million grant will be used to bulk up logistics training and education center in Plainfield.
Ambrose jumping into Plainfield industrial market
Fast-growing Ambrose Property Group plans to develop a $12 million warehouse building on a site in Plainfield that it acquired last month from the FDIC.
Feds to fund bus between Indianapolis, Plainfield businesses
The three-year service will take riders to Amazon, BrightPoint, Ryder and other big west-side employers.
Game maker Fundex files for bankruptcy reorganization
The once high-flying Fundex is seeking to reorganize under the protection of bankruptcy as the lawsuits against the Plainfield-based company continue to pile up. Fundex lists assets of nearly $1.5 million and liabilities of $8.9 million.
CSX passing over Avon yard, investing elsewhere
Central Indiana’s rail terminal to the world is CSX Transportation’s Avon yard, in Hendricks County. But don’t look for much in the way of rail shipments from here directly to the West Coast. The yard operates well below capacity. Meanwhile, CSX has been investing hundreds of millions of dollars in infrastructure upgrades to terminals in Ohio and farther east.
Mega-warehouse technology subject of Aug. 1 expo
The Indy Warehouse Automation Expo will showcase new generation of scanners, cameras and radio frequency ID technology.
UPDATE: BrightPoint sale follows tough stretch for firm
Given the soft cell phone market and Brightpoint’s recent struggles, a sale to California-based Ingram Micro for about $840 million makes sense, analysts say. The two companies announced the acquisition early Monday morning.
Airport faces fiscal headwinds
The Indianapolis Airport Authority recorded a $31.3 million operating loss in 2011, a result that new board President Michael Wells believes underscores the need to find new sources of revenue.
Production on Rolls-Royce LiftSystem picks up steam
Rolls-Royce Corp. said Tuesday that its landed a $315 million contract from Pratt & Whitney for its LiftSystem, which enables short takeoffs and vertical landings by the U.S. Marine Corps’ F-35B aircraft.
Hendricks County promotes locally owned pizza
Amo Pizza Shop beat out Rock Star Pizza in a competition intended to boost sales for 16 homegrown eateries.
Airport spending millions to protect rare bats
The Indianapolis Airport Authority board has approved a $504,872, two-year contract with Indiana State University to study the federally endangered Myotis sodalis, which brings to $2.5 million what the airport has paid ISU since 2004 to track and observe the minuscule mammals.
Steel Dynamics to expand Pittsboro operations
Fort Wayne-based Steel Dynamics Inc. plans a $76 million expansion in Pittsboro, increasing the mill’s capacity by 52 percent, the company announced Thursday.
Talks start on developing ‘airport city’ to boost region
The Indianapolis Airport Authority is moving ahead with plans to build an “airport city” centered on its property, but not without buy-in from the surrounding communities.
Far-flung areas court Super Bowl spending
Downtown will be the focal point of Super Bowl XLVI, but communities from Zionsville to Columbus are aggressively pursuing some of the money visitors are expected to shower on the region.
Startup wants animal shelter in Hendricks County
The county lacks a private, not-for-profit group to find homes for stray dogs and cats.
Hendricks County ‘hotspot’ for package-liquor permits
Four package liquor permits in the county west of Indianapolis fetched a total of nearly $1 million, roughly a quarter of the $3.8 million the state netted during an auction of 279 new alcohol permits in Indiana.