Articles

India deal boosts Bastian

Little more than a decade ago, Bastian Material Handling had annual sales of less than $35 million. Since 2000, its revenue
has doubled, to $80 million, and its business interests don’t just cross the state, they circle the globe.

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Weak dollar boosting state manufacturers

The sliding value of the U.S. dollar is boosting financial results for some of Indiana’s big exporters. The dollar recently
hit its lowest point in 15 years against an index of other major currencies, such as the euro, the Chinese yuan and Canadian
dollar.

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Symons puts biz into Ch. 11, undercutting rival’s court win

Alan G. Symons’ company, Fast Tek Group LLC, lost a court fight with Fishers-based competitor Product Action International
LLC in February. So Symons pushed Fast Tek into Chapter 11 bankruptcy protection in June–a move that clears the way for a
suitor to buy the assets without being saddled with the liabilities.

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Changes flowing at Delta; is sale next?

Amid sagging profits, locally based Delta Faucet Co. has parted ways with two of its top executives. And some analysts think
Delta’s parent corporation–tiring of its sagging performance–is considering selling the faucet manufacturer.

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Once-hot cooler company’s new owners trying to rejuvenate business

After almost 60 profitable years that saw Elliott-Williams Co. install walk-in refrigerators and freezers in almost every
Indiana school, hospital and hotel, the venerable firm was brought to its knees last year. But an unlikely savior, a new locally
based venture capital firm, bought EW out of bankruptcy for $507,000, about the cost of 10 EW walk-ins.

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Expanded recycling catches on in manufacturing sector

In manufacturing and industrial-heavy central Indiana, companies are beginning to realize that “going green” can translate
into another kind of green–money. Reaching beyond the standard glass, paper and metal, markets are developing for a variety
of materials, from tiny bits of processed rubber to leftover cornstarch.

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Fortville firm’s helmet pads protect U.S. troops

Fortville-based Genesis Manufacturing makes helmet pads for U.S. troops through Colorado-based Skydex Technologies, which
won a contract this fall with the U.S. Air Force for 120,000 helmet pad kits. Most of the helmets have wound up in Iraq, where
the military has discovered soldiers need something more than Kevlar-lined helmets to survive roadside mines and exploding
Toyotas.

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