Indiana Limestone sold to Ohio company
A Cleveland-based private equity firm called Resilience Capital Partners has purchased Indiana Limestone Co. from Johnson Ventures. Terms were not disclosed.
Manufacturing
Articles
Truck manufacturing might ramp up 56 percent in 2011
An expected push to refresh the oldest North American commercial trucking fleet in at least 31 years should boost sales at partsmakers like Columbus-based Cummins Inc.
Company thinks it can make college textbooks obsolete
An Indianapolis company has developed Web-based software that allows college students to read and electronically mark up textbooks, articles, chapters of books, etc. It also has a business model that its owners think will make more money for publishers and slash students’ textbook costs—which average $1,200 a year—in half.
Allison Transmission, key supplier continue court battle
The dispute reached a boiling point early this year when the supplier, Allison’s sole supplier of bonded piston seals, threatened to stop shipping.
Printpack closing 230-worker Greensburg plant
More than 200 workers will lose their jobs when packaging materials maker Printpack Inc. will close its Greensburg plant early next year, the company said in a notice filed this week with the state Department of Workforce Development.
Sale of Tipton plant to solar company delayed
Abound Solar's deal to take over the unfinished Getrag factory in central Indiana has been delayed, although the company doesn't expect changes in its plans.
GM shares jump in return to Wall Street
General Motors' return to Wall Street was well received Thursday, as the company’s stock closed up 3.6 percent in its initial public offering.
South Bend to lose 250 jobs with Bosch closing
Auto parts maker says it will close its South Bend facilities by the end of 2011 and will offer about 170 of the 250 employees who work there jobs in other states.
Automotive supplier plans 200 new jobs at Butler plant
Multimatic Inc. plans to expand its northeast Indiana production operation, adding new assembly lines as it aims to create over 200 jobs by 2013—more than tripling employment there.
Motor maker Remy plans expansion driven by electric vehicles
Motor maker Remy International will embark on a major expansion next spring to satisfy growing demand from makers of hybrid and electric vehicles—and Madison County officials think they’re well positioned to land the jobs.
Purdue website calculates asteroid damage
The site is “scientifically accurate enough” to be used by the Department of Homeland Security and NASA, but friendly enough for elementary school students.
ChaCha approaches web-traffic milestone
Traffic to the site hit a record high of 18.5 million unique visitors in October, making it the fastest-growing in Quantcast’s top 100 websites.
PROXY CORNER: Bell Industries Inc.
Bell Industries Inc., 8888 Keystone Crossing, Suite 1700 (www.BellInd.com), is a holding company for Bell Techlogix and the Recreational Products Group.
ExactTarget aims to deliver ads through new channels
E-mail is merely one component of e-mail marketer ExactTarget’s explosive growth of late, which included last month’s announcement of 500 new jobs by 2015. ExactTarget’s software-as-a-service platform has expanded to include mobile devices, Facebook and Twitter.
Did Lilly get preferential treatment on a disputable billboard ad?
Billboard companies spiked the cancer ad. But Citizens Gas or WellPoint might have gotten a different result.
Fishers valve maker plans expansion
Nexus Valve Inc. plans to invest $2.3 million to expand its headquarters and distribution operations, adding up to 21 jobs by 2015.
Brightpoint shares rise after results top expectations
The wireless-device distributor reported revenue of $889 million in the third quarter, an increase of 3 percent compared to the same quarter of 2009.
City commission set to approve refinery plans
The Metropolitan Development Commission is expected Wednesday afternoon to approve Heritage-Crystal Clean Inc.’s plan to build its first used oil re-refinery, on West 10th Street. The project is estimated to cost $40 million and should create 55 jobs by 2013.
Manufacturer plans to hire 40 in Portland
Fort Recovery Industries Inc., an Ohio-based aluminum and zinc die cast hardware manufacturer, said it plans to create the jobs by locating a manufacturing plant in the northeastern Indiana city.
Anderson makes headway in disposing of former GM sites
The city of Anderson is nearing a milestone in its effort to find new uses for numerous former General Motors sites that have been in its possession since 2006.