Techniks Inc., a designer and distributor of industrial cutting tools, has been acquired by Tenex Capital Management. Tenex, in turn, merged Techniks into another of its companies, Jasper-based Nap Gladu, to form a new holding company.
Halo Coatings, founded in 2007, spent its early years licensing its proprietary reflective technology for powder-coating applications to companies involved in highway infrastructure, such as guardrails. But it’s now shifting its focus to the big players in the apparel, medical and consumer-product fields.
J. Mark Howell will join the Indianapolis-based public company March 1. Howell previously spent 18 years as an executive with BrightPoint Inc., which was acquired in October by California-based Ingram Micro Inc.
Keihin North America Inc. plans to relocate between 130 and 175 management, engineering and development jobs to the Flagship Enterprise Center.
The downtown brewery plans to spend $2.1 million on additional equipment and add 20 jobs by 2016 in exchange for a tax abatement from the city.
The Bloomington-based winery claims in a federal lawsuit that it was forced to recall its hard apple cider due to defective cans provided by Ball Metal Beverage Container Corp.
The maker of Subaru cars is targeting a 6-percent increase in global sales this year, spurred by the introduction of a new Forester SUV model. The company will use its plant in Lafayette to increase output.
Ardagh Group said it has agreed to buy Indiana-based glass bottle and jar manufacturer Verallia North America, which has about 4,400 employees at 13 manufacturing plants in the United States, including more than 650 workers in Indiana.
Analyst Stephen Volkmann lowered his rating on the engine maker's stock to "Hold" from "Buy," noting that the shares have risen 30 percent from their October lows and are now just 10 percent below all-time highs.
The Indianapolis-based maker of computer-controlled machining tools attributed much of the increase to higher demand for its products in North America and Europe.
The ever-evolving information/answers service ChaCha Search has launched a startup within the 7-year-old company. Social Reactor will match advertisers with participating celebrities and other “social influencers,” who will use social media tools such as Twitter to drive fans to advertisers. Verge founder Matt Hunckler was tapped to get it rolling.
The marketing software maker that went public in March is ahead of its offering price even as it suffers because of some competitors’ woes.
Sprint on Tuesday announced a preliminary agreement with radio industry representatives that will enable customers to listen to local FM radio stations on their mobile phones. Emmis CEO Jeff Smulyan was a key negotiator in making the deal.
Strong U.S. sales in December capped a remarkable year for the auto industry. U.S. sales of models manufactured in Indiana in 2012 by General Motors, Toyota, Honda and Subaru outpaced the national rate, rising 17 percent.
Steel Parts Manufacturing Inc. says it plans to close its plant in Tipton, ending employment for 173 workers. The company told the state the closure and layoffs will begin Feb. 28 and end by March 14.
A trademark-infringement case brought against App Press LLC threatens to smother the tech startup in legal fees before it reaches its potential.
Plug-in electric vehicles, which are struggling to gain traction nationwide, have even less appeal in central Indiana than they do in most areas of the country, a new study says.
The locally based flavor maker has agreed to reduce its usage of diacetyl, which had prompted fines from the state. The deal significantly reduces the amount of the penalty—from $325,500 to $99,000.
The Indianapolis-based chain rolled out a new FinishLine.com four days before Black Friday. But glitches and customer complaints forced it to revert to the legacy version Dec. 6.
Chrysler Group LLC is betting on huge sales gains to justify the more than $374 million it is considering investing in Kokomo and Tipton to make a new line of nine-speed transmissions.
