Cummins completes $3.7B Meritor acquisition
Cummins said it plans to accelerate the growth of Meritor’s core axle and brake businesses around the world.
Alex Brown, Inside INdiana Business
Articles
Study: Indiana hotels back to pre-pandemic revenue levels
Patrick Tamm, CEO of the Indiana Restaurant & Lodging Association, said the numbers are ahead of schedule, as many forecasts called for revenues to not return to normal until 2024.
Hillenbrand exploring ‘alternatives’ for its funeral, burial subsidiary
In 2019, Hillenbrand officials told IBJ that Batesville accounted for about one-quarter of the corporation’s sales and 40% of its cash flow, but trends toward cremation were denting revenue.
Inotiv subsidiary reaches settlement in animal welfare lawsuit
As part of the settlement, Indianapolis-based Envigo will relinquish 4,000 beagles at a dog-breeding facility to the Humane Society of the United States, or HSUS.
Tom Linebarger to step down as Cummins CEO, remain chairman
Linebarger will be replaced by Cummins President and Chief Operating Officer Jennifer Rumsey, who has been with Cummins for 22 years, including the last 16 months as COO.
Engineering firm expanding in downtown Indy
HNTB Corp. has expanded its space in Salesforce Tower on Monument Circle and plans to add 40 workers, it announced Wednesday.
Semiconductor chip design center planned for West Lafayette
MediaTek USA announced Tuesday that the center, which is expected to create up to 30 jobs, represents its first partnership with an American university, as well as a new growth model for the company.
Developer plans three-month closure to speed redevelopment of Lafayette Square Mall
Sojos Capital said it has already begun multiple upgrades to the property, including replacing the roof, changing HVAC units, interior and exterior painting, and additional security enhancements.
Research dog-breeding facility run by Indianapolis firm to be sold
A federal judge issued an emergency order late last month imposing a series of restrictions on the facility operated by Indianapolis-based Envigo after regulators said the site was responsible for the deaths of hundreds of beagle puppies.
Developer plans new industrial parks in Avon, Mount Comfort
Kansas City, Missouri-based commercial real estate developer VanTrust Real Estate LLC said it plans to spend about $220 million to construct six industrial buildings, with three each at sites in Hancock County and Hendricks County.
State seeks to create unified message with ‘IN Indiana’ campaign
A new marketing campaign from Visit Indiana and the Indiana Destination Development Corp. aims to recruit businesses, communities and destinations to help tell Indiana’s story.
Indy Pop Con eyeing growth beyond Indiana
Co-founder Carl Doninger hopes to strengthen the pop culture convention’s branding while looking at additional markets for more events.
Owner of fieldhouse in Grand Park nears resolution with developer of $42M youth sports park in Auburn
Grand Park Fieldhouse’s lawsuit alleges its former president of operations used confidential information from his time in Westfield in his new role as a principal with the developer of a planned sports park in northeast Indiana.
Nursing home operator dropping eight Indiana locations, including Indy facility
A Warsaw-based nursing home operator plans to terminate its operating leases at eight Indiana locations—including one in Indianapolis—affecting nearly 700 employees.
Distribution company plans 100 jobs at new Lebanon facility
New York City-based PCA Group’s clients include beauty brands such as Rebecca Minkoff, Derek Lam, Monique Lhuillier, Rachel Zoe, and FILA.
Record gift to launch new Krannert real estate program at Purdue
The Krannert School of Management at Purdue University has received a nearly $21 million gift from the Dean and Barbara White Family Foundation, the largest gift in the school’s history.
Wechsler to step down from Launch Fishers leadership
The founder and CEO of Launch Fishers and the Indiana IoT Lab has announced plans to leave his leadership roles this summer.
Developer planning 70-acre real estate project in Tipton County
The project would include at least one hotel, light industrial space, a travel plaza, a bank, a MedCheck, a recreational vehicle stopover, restaurants and a dog park.
Italian firm opens $30M plastics recycling plant in Anderson
SER North America has hired 25 employees at the plant with the goal of adding 15 more by the end of the year.
Population growth slowed in Indiana in 2021
Indiana’s population growth in 2021 was the smallest annual increase since 2015, according to analysis released Thursday by the Indiana Business Research Center at Indiana University.