Vertellus to be acquired by lenders after no other bids surface
Chemical company Vertellus Specialties Inc. says the $454 million deal arranged in bankruptcy proceedings will allow it to continue operations with its current leaders.
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North-side stationery firm acquired by Canadian company
Supremex Inc. hopes to put its stamp on the Midwest by purchasing 88-year-old Bowers Envelope Co. Inc.
Subaru supplier to create 32 jobs in Carmel
Moriden America makes cargo systems and interior trim for the auto industry and plans to ramp up production to meet demand from a Subaru assembly plant in Lafayette.
Orders for U.S. durable goods rebound from tough month
Orders for durable goods jumped 4.4 percent in July, bouncing back from a 4.2 percent plunge in June, the Commerce Department reported Thursday.
Chemical maker Vertellus to close portion of Indy plant
Currently working its way through Chapter 11 bankruptcy, the firm expects the closure at its Tibbs Avenue plant to affect dozens of employees.
UPDATE: GM expected to invest $90 million in Indiana plant
General Motors officials are set to announce what is expected to be a major investment at an Indiana factory that will allow it to retain more than 1,400 jobs.
CountryMark revenue drops 40 percent as oil prices plunge in last two years
After a six-year run-up for the Indianapolis-based oil refiner that saw its revenue nearly double, the company has eliminated about 25 jobs, 2 percent of its workforce, in recent months.
Cummins to receive $20M in ‘SuperTruck’ funds
The Columbus-based engine maker will be part of a federal program aiming to more than double the freight efficiency of 18-wheelers.
U.S. factory output jumps 0.5 percent for biggest gain in year
U.S. factories cranked out more autos, machinery and chemicals in July. But even as And even as output ticks up, manufacturers aren’t adding many jobs.
GE Appliances confirms closing date for refrigerator plant
The company on Thursday said the plant would close Aug. 26. The closure will put more than 300 people out of work.
FOCUS: More kids take vocational classes but challenges remain
In the school year that ended in May, nearly 175,000 students were enrolled in more than 235,000 career and technical classes. That’s an 11 percent increase since the 2012-2013 school year, when Gov. Mike Pence challenged schools to serve students going to work as well as students going to college.
Cummins lowers guidance after profit, sales slip in 2nd quarter
Cummins Inc. was able to top analyst expectations with its second-quarter performance despite a slowdown in sales and profit.
Allison Transmission profit rises on lower revenue
Allison Transmission posted revenue of $474.9 million in the period, down from $511 million last year.
Kimball acquires family of Indy manufacturers for $11.8M
Jasper-based Kimball Electronics has taken on 165 employees after buying a firm and its subsidiary in separate deals.
Sun King beer makes statewide move to grocers’ shelves
With $2 million in improvements to its Indianapolis brewery, Sun King now plans to distribute its Sunlight Cream Ale and Wee Mac Scottish Ale to grocery and convenience stores across Indiana.
Indy to host aerospace conference in 2018
The Aerospace Industries Association plans to host its Supplier Management Council conference in Indianapolis in the spring of 2018, state officials announced Tuesday from a prestigious airshow in England.
Rolls-Royce lands $216M contract for fighter jet lift systems
Most of the work will take place at the manufacturer’s Plainfield and Indianapolis facilities.
Noblesville’s development strategy emphasizes local company expansions
The city’s investment in the retention and expansion of more mature, existing businesses has been paying off.
VW’s diesel emission scandal could mean business for Cummins
Volkswagen AG’s diesel emission scandal might be one of the best things to happen to American air quality. It also could mean new business for one of the state’s largest manufacturers.
Hostess Brands, four years after bankruptcy, planning IPO
The maker of Twinkies and Ding Dongs, which operates a major plant in Indianapolis, has been reborn under new ownership after crashing in 2012 under a barrage of labor issues and rapidly changing appetites.