Given the soft cell phone market and Brightpoint’s recent struggles, a sale to California-based Ingram Micro for about $840 million makes sense, analysts say. The two companies announced the acquisition early Monday morning.
The $840M deal, which would eliminate one of Indiana’s six Fortune 500 companies, is casting uncertainty over Hendricks County, where the company is one of the largest employers.
Indianapolis-based BrightPoint Inc. has agreed to be acquired by California-based Ingram Micro Inc. for about $840 million, the two companies said early Monday morning.
The failure of a second solar manufacturer that received loan guarantees from the U.S. Energy Department adds to pressure on President Barack Obama to justify incentives for the clean-energy industry that’s being undercut by Chinese competition.
Co-working sites—shared office spaces designed to give entrepreneurs, free-lancers and consultants the tools they need to get the job done as well as the chance to interact with other professionals, sans cubicle—are gaining popularity nationally and, finally, in Indianapolis.
Abound Solar Inc., a Colorado-based solar manufacturer that once hoped to hire 1,200 people in Indiana by the end of 2013, will close its doors and file for bankruptcy.
Among major occupational groups, only farming has a smaller share of African-Americans, government figures show.
Fire department officials say up to 1,000 gallons of sulfuric acid leaked from a storage tank at a chemical business near downtown Indianapolis.
Anderson officials said they are excited that companies have been showing interest in some of the industrial or commercial properties left by General Motors that need or are undergoing environmental cleanups.
Kokomo-based Haynes International Inc. plans a $23.5 million project to increase production at a central Indiana factory where it makes specialty metal plates and sheets for the aerospace and other industries.
A survey of 1,123 manufacturing executives released last year found that 67 percent of companies had a moderate to severe shortage of available, qualified workers. The report estimated 600,000 jobs nationwide were going unfilled because of a lack of qualified candidates.
The city of Indianapolis granted preliminary approval for an eight-year tax abatement to Arcamed Inc., which plans to purchase $1.4 million in equipment to design and manufacture titanium and case-tray systems for surgical instruments.
Skjodt-Barrett Contract Packaging said it plans to add the jobs by the end of September, about a year earlier than expected, due to increased demand for its products. The company has 100 employees.
Mooresville-based Equipment Technologies, which makes self-propelled sprayers for agriculture, says it plans to hire 56 new people by 2015 as part of an expansion.
An economist at Ball State University warned of another recession at Conexus Indiana's annual state of manufacturing and logistics report Tuesday morning. Both sectors, however, contribute strongly to the state's economy and earned "A" grades in the latest report.
Herff Jones Inc. of Indianapolis has decided to close a yearbook manufacturing plant that employs 130 people in Matthews, N.C., by the end of the year.
Officials will be seeking approval from the eastern Indiana city's Redevelopment Commission to use money from a $5 million state technology park grant to buy 14 acres and two buildings that once belonged to Dana Corp.
Remember.com’s free Dreamt It app will be followed by a paid version with additional features.
Compendium Software says there’s money to be made in creating a place where marketing content can be centralized and repurposed and sent out via e-mail newsletters, social media channels and—of course—blogs.
Since the recession hit, consumers looking to save a few bucks have embraced canned produce—a trend that has kept Madison County tomato processor Red Gold in the black.
