Calumet Specialty Products Partners LP, the Indianapolis company that produces specialized petroleum-based products, has bought Texas-based Penreco for $240 million. Penreco is a general partnership owned by ConocoPhillips Co. and M.E. Zukerman Specialty Oil Corp. that manufactures and markets white mineral oils, and other petroleum products and specialty solvents. It is headquartered in The Woodlands, […]
Machine shops, the places where machines carve chunks of metal into parts used in everything from prosthetics to hydraulic pumps, are enjoying some of their best times in a decade. Industry observers say the companies are more financially sound than they’ve been since the ’90s, and that they continue buying equipment to make themselves more […]
Steven J. Beck has joined the Chicago-based commercial real estate and investment firm Geneva Capital Group as managing director of its office in downtown Indianapolis. Beck most recently was involved in helping raise a seed-capital fund called IVC Equity Partners. Prior to IVC Equity Partners, he launched and was president of the Indiana Venture Center, […]
Chicago-based Select Snacks Co. Inc. has told state officials in Indianapolis that it might close its Jeffersonville plant in December. About 245 jobs are at stake, according to The Courier-Journal of Louisville. A buyer is interested in the plant, which has been put up for sale as part of the company’s Chapter 11 bankruptcy reorganization, […]
The rising tide of mortgage foreclosures will result in an increase in complaints about real estate agents, the chairman of the Indiana Real Estate Commission told The Times of Munster in an interview. Tim Reed, a Valparaiso agent who has been a commission member since 1992 and the chairman since 1998, said many homeowners don’t […]
The near-east-side Indianapolis Enterprise Center has been sold to an undisclosed buyer from California. Seller Scott Meyers purchased the 200,000-square-foot incubator in May 2005 and has since added 34 companies and 10,000 square feet of office and warehouse space. It has a total of 72 tenants who share equipment and pay lower rent until they […]
Locally based Duke Realty Corp. plans to build another north-side office building, this time along River Road near Keystone Avenue and Interstate 465. And Duke already has signed a major tenant, locally based Advantage Health Solutions Inc., which will take 40,000 square feet of the 120,000-square-foot, four-story building. The building will be constructed on six […]
Peoples Management Resource, a New York development company, is negotiating to buy as many as 800 acres near Daleville for a possible entertainment and recreation complex, according to the The Star Press in nearby Muncie. The project near Interstate 69 and State Road 67 would include hotels, stores, an indoor water park and a skating […]
Tanasha L. Anders has been appointed interim president and CEO of Indiana Black Expo Inc. after former president and CEO Joyce Rogers resigned earlier this month to join Ivy Tech Community College as vice president of development. Anders has been vice president of Black Expo’s youth and family programs and started the Expo’s State of […]
A dispute between two local companies over intellectual property rights to the Graston physical therapy technique has been settled-again-three years after the parties reached their original settlement. This time, the agreement is better defined, said Michael I. Arnolt, the president of the party that forced the issue in court, TherapyCare Resources. The newest agreement, reached […]
Five state Democratic lawmakers from Anderson, Muncie and Pendleton have written a letter to Indiana Secretary of Commerce Nate Feltman to say they’re upset that their constituents were prevented from applying for the 2,000 production jobs created by the Honda Manufacturing of Indiana plant in Greensburg. The lawmakers say their constituents should be able to […]
Profit at Fort Wayne-based Steel Dynamics Inc. increased 12 percent, to $101 million, in the third quarter on across-the-board increases in its businesses. The steel recycler said today that revenue swelled 27 percent from the $876 million of a year earlier. The improvement came despite softness in flat-rolled steel and some slowness in certain bar […]
The Port Authority of Evansville may approve spending $50,000 for a feasibility study to build an inland harbor near Howell Yards railroad yard, reports the Courier & Press. The project would require cutting into the land to form a water harbor where barges could be brought. The need for an inland harbor is in response […]
Democrats are accusing the state Republican Party of negative campaigning after the party mailed cards to residents of South Bend claiming that businesses are leaving the city, among other problems. “RIP,” said the card, which has a picture of a tombstone. “Here lies South Bend, a once vibrant city now abandoned by business, overrun by […]
Two of the city’s largest real estate agencies, both affiliates of Century 21, have agreed to merge and be headquartered in Carmel. Century 21 At The Crossing and Century 21 Scheetz will join, creating a company with more than 300 agents and five offices in the Indianapolis area, including downtown, Carmel, Zionsville and Greenwood. The […]
Pepsico and Johnson & Johnson are among several big companies that have sued Bloomington-based International Outsourcing Services to try to recover $150 million the companies say they were bilked out of in a coupon scheme. The suit, filed Oct. 12 in Milwaukee, claims International Outsourcing turned in invoices for coupons that had not been used, […]
More than 400 tickets have been sold for flights among Indianapolis, Evansville and South Bend on Massachusetts-based Cape Air, a month before the commuter airliner begins service, reports the Evansville Courier & Press. Cape Air, which will begin flying Nov. 13, will offer direct Evansville-to-Indianapolis and Indianapolis-to-South Bend flights. The commuter airline company in August […]
Ice River Springs, a water bottler headquartered in Ontario, Canada, will build a $20 million, 273,000-square-foot plant in Kentland, according to the Indiana Economic Development Corp. The project in the town between Gary and Lafayette will employ as many as 100 to bottle purified water as well as water taken from a spring. The plant […]
A supplier to Toyota Motor Manufacturing said today that it will build a 201,000-square-foot plant to manufacture seat frames for at least one Toyota model assembled at the sprawling Princeton plant. Toyota Boshoku Corp., which is based in Japan but is not part of the giant automaker, will locate the plant and its 200-plus workers […]
Fort Benjamin Harrison Reuse Authority has named Cassandra Ashley-Jordan to replace Ehren Bingaman as executive director. Bingaman resigned in August to become the first executive director of the Central Indiana Regional Transportation Authority, which was created by state statute in 2004 to coordinate public transit in the nine-county area. Ashley-Jordan is an environmental scientist and […]
