Cleveland company acquires former Navistar plant site
The Brookville Road plant, which includes about 1.6 million square feet on about 90 acres, houses a former engine plant and foundry that once employed hundreds of workers.
Manufacturing
Articles
Product-development firm plans to hire 36 downtown
GlassBoard, which helps clients turn concepts into ready-to-manufacture products, said it will invest $850,000 to lease and equip 3,000-square-foot offices at 924 N. Pennsylvania St.
Local legal-tech firm secures $2.2 million for seed round
Doxly, a High Alpha Studio company, grabbed the cash in its first fundraising round and signed on the world’s largest law firm as a customer.
Indy cracks nation’s top 10 for tech-firm office deals
Firms signed lease deals for nearly 1 million square feet of office space between mid-2015 and mid-2016 in Indy’s metro area, led by a mammoth deal for Salesforce.com, according to a national study.
Fast-growing Indianapolis software firm plans $2.1M expansion
The provider of cloud-based workforce-management software said it plans to increase its Indiana employment from 1,100 to 1,200 by 2019.
Former GM factory site in Indiana to get $4 million cleanup
The work will concentrate on a 1-acre Anderson site where officials say tests have found the carcinogenic solvent trichloroethylene, or TCE.
High Alpha funding firms far and wide with $21M war chest
The Indianapolis-based venture studio and its investment arm have been looking beyond Indianapolis, making investments in out-of-town companies and forging a national reputation.
Federal judge OKs $454M Vertellus Specialties acquisition plan
A federal bankruptcy judge approved the sale of Indianapolis-based chemical company Vertellus Specialties Inc. on Thursday after the U.S. Environmental Protection Agency withdrew its objection to the sale.
UPDATE: Apple’s new iPhone does away with headphone jack
Apple's next iPhones will come without the analog headphone jack that's been standard on iPhones and most other electronic devices for years. The phones were unveiled Wednesday afternoon during Apple's fall product launch event in San Francisco.
Coca-Cola manufacturing operations in Indiana switching hands
Charlotte, North Carolina-based Coca-Cola Bottling Co. Consolidated, an independent bottling company, has signed agreements to purchase Indiana manufacturing and distribution plants in Indianapolis and Portland, plus one in Cincinnati, from Coca-Cola Refreshments USA Inc.
Can Apple make listening easy without a headphone jack?
The iPhone has traditionally shipped with a pair of Apple’s iconic earbuds. But tech analysts and industry bloggers say it looks like the tech giant has decided to do away with the analog headphone jack in the next iPhone, which it will unveil on Wednesday.
EPA objects to Vertellus Specialties acquisition plan
Indianapolis-based Vertellus Specialties Inc. is at odds with the U.S. Environmental Protection Agency over whether a proposed $454 million sale of the chemical company will provide adequate resources to address environmental cleanup needs.
Hurco profit falls as demand for machine tools diminishes
North American sales for the Indianapolis-based manufacturer dropped 19 percent in the third quarter due to pricing pressure and reduced consumption of machine tools.
U.S. factory activity shrinks for first time in 6 months
The report suggests that manufacturers continue to struggle as businesses spend less on machinery, computers and other large equipment. Auto sales have also leveled off this year after reaching a record level in 2015.
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.
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.