Articles

Candle company cooks up products with a ‘green’ twist

After working in retail management for four years, Rich and Jodi Scheve decided to take business into their own hands—and
their own garage. Passing on business plans for Subway and South Bend Chocolate Co. franchises, the couple
skirted heavy franchise fees and started Twisted Wick Candle Co.

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Proposals to loosen Indiana’s wine distribution system fail

At IBJ press time, the General Assembly was set to close another session without significant change to the state’s complex alcohol distribution system, ensuring another year of wrangling between wineries and wholesalers. A proposal to raise the direct shipping limit to 10,000 cases failed. So did a broader deregulation bill brought by a new Indiana wine drinker’s group, VinSense.

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NY Times job helps ACS Sign gain attention

ACS Sign System’s unusual approach to sign-making–some are not strictly signs at all–has helped the company grow its revenue
and expand its footprint beyond Indiana. In recent years, sales outside its home state have grown from 20 percent of total
revenue to almost half.

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Carrier carrying on in cool housing market

With steep declines in new-home construction and existing home sales, market conditions in the Indianapolis-based North American
residential business of Carrier Corp. “are clearly challenging,” according to George David, CEO of Carrier’s parent, United
Technologies.

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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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