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.
Purdue and Ivy Tech launch aviation-maintenance partnership
A new partnership between the Purdue Polytechnic Institute and the Lafayette campus of Ivy Tech Community College might help fill the employment pipeline for the $100 million-plus jet engine plant that General Electric recently built in Lafayette.
Tech leaders heap praise on city’s latest billion-dollar exit
In the immediate wake of news Wednesday that Interactive Intelligence Group Inc. had agreed to be acquired for $1.4 billion, Indianapolis tech leaders bubbled with praise for CEO Don Brown and with enthusiasm for the possible impact on the city.
Competitor snaps up Interactive Intelligence in $1.4B deal
Interactive co-founder and CEO Don Brown said he will leave the company after the sale closes late this year. The all-cash purchase price represents a 36 percent premium to where the shares traded before word of the potential deal leaked this summer.
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.
Lebanon seeks to be food-sector hot spot
Conveniently located just west of Interstate 65 between State Road 32 and State Road 39, the 1,250-acre Lebanon Business Park is already home to several large food manufacturers.
Broad Ripple Chip Co. thinking big
The manufacturer of gourmet potato chips is branching out across Indiana and into Ohio to introduce its original and sweet and spicy flavors to a broader audience.
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.
Ken’s Foods plans $90M plant, 150 jobs in Lebanon
The company will locate in the Lebanon Business Park and pay salaries “well above $20 per hour,” an economic development official said.
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.
Geofeedia cuts Indy marketing operations in reorganization, loses local leader
The Chicago-based tech firm, which planned to hire hundreds in Indianapolis and considered moving its headquarters here, has streamlined local operations. Meanwhile, top local exec R.J. Talyor has parted ways with the company.
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.
File-management software firm grabs $1.1 million in first VC haul
SmartFile Inc. secured the investment from Vision Tech Angels and Elevate Ventures. It plans to use a majority of the cash on sales and marketing.
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.
Ivy Tech welding program offers more than just certification
Welding, cutting, soldering and brazing are lumped together and rank high on the Hoosier Hot Jobs list.
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.
Radio fighting to be heard among multiple car-dashboard options
The car dashboard, once the exclusive infotainment domain of traditional radio, is becoming a battleground where divergent companies fight for the attention of drivers and passengers.