Jackson Systems plans expansion, 32 jobs
Environmental control maker Jackson Systems LLC plans to expand its Beech Grove operations, almost doubling its work force and the size of its headquarters by 2014.
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Rolls-Royce must face whistle-blowers’ lawsuit
Rolls-Royce Corp. lost a bid Monday for dismissal of a whistle-blower lawsuit pressed by two former quality-control officers claiming the company cheated the United States by failing to report defense-contract product defects.
EnerDel hires first post-bankruptcy chief executive
David Roberts, the company's intellectual property lawyer since January 2011, is the new CEO. Richard Quirin, who was chief financial officer at IMMI, a seatbelt maker based in Westfield, is the new CFO.
Local company part of $470 million paper mill deal
Indianapolis-based holding company Schwarz Partners LP has formed a joint venture with The Kraft Group LLC to buy two major paper mills from industry giant International Paper Co. The mills are part of a three-mill sale worth $470 million.
Really Cool Foods plant on auction block
Really Cool Foods closed the 78,000-square-foot facility in November and is searching for a buyer to help repay creditors. One potential suitor is Sugar Creek Packing Co. of Ohio, which has offered $13 million, according to a bankruptcy filing.
State’s chilly recycling climate means higher costs for container makers
Some manufacturers favor legislation that would encourage consumers to return their empties.
Cummins hires ex-Indianapolis mayoral candidate
Melina Kennedy has joined the diesel engine maker’s corporate communications team and will be responsible for executive communications, research and speechwriting for CEO Tom Linebarger.
Klipsch helps parent firm double cash flow
Indianapolis-based speaker maker now owned by Voxx International posted year-end sales of $169.5 million, which appeared to be flat compared with prior periods.
Indianapolis margarine plant planning $44 million upgrade
ConAgra Packaged Foods LLC is seeking city tax incentives as part of a $44 million plan to upgrade its plant on the northwest side of Indianapolis and retain 392 workers.
University Loft adding jobs as it recovers from credit crunch, probe
Nearly two years after federal agents raided furniture maker University Loft Co.’s Hancock County plant, the once-fast-growing firm is seeing business bounce back.
Oil refiner Calumet unleashes $150M stock offering
With its shares trading up more than 60 percent from the doldrums of last fall, Calumet Specialty Products Partners rolled out plans to sell another 6 million shares of stock, raising more than $150 million.
Remy International reports smaller first-quarter profit
Remy International Inc. saw its sales fall slightly and profit plummet in the first quarter as it paid down debt, invested in hybrid motor development and coped with a weak European market.
Hostess says jobs of 856 Indiana workers in danger
The Irving, Tex.-based company said the job cuts could occur in July if it does not find a buyer or emerge from bankruptcy. About 340 workers would be affected at five Indianapolis plants.
Fast-food clients fueling furniture-maker’s growth
Facility Concepts’ can-do attitude has cemented the loyalty of clients like Southern Bells—one of the largest Taco Bell franchises in the country—and propelled it from startup consultancy in 2004 to full-fledged manufacturer.
Seymour packaging plant with 111 workers to close
Exopack LLC plans to close its Seymour facility and terminate 111 employees by July 1, the company said Wednesday in a notice to the state.
Calumet Specialty’s revenue, profit soar in first quarter
The company’s improved performance over the same period last year was mostly due to a 150-percent increase in sales volume from its acquisition of a Wisconsin refinery in September.
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.
North American growth propels Cummins’ profit
Cummins Inc.'s profit jumped 33 percent in the first quarter due to strong demand for its engines in the North American market, the Columbus-based manufacturer said Tuesday morning.
Illinois furniture manufacturer moving to Indiana
Chicago-based Selected Furniture LLC is planning to move its operations to Indiana, the manufacturer said Tuesday, creating up to 100 new jobs by 2014.
Old Richmond bus plant eyed as manufacturing hub
A Richmond businessman has big plans for the former Carpenter bus plant and property that sits along Interstate 70 on Richmond’s far northwest side.