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.
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.
Conveniently located just west of Interstate 65 between State Road 32 and State Road 39, the 1,250-acre Lebanon Business Park is already home to several large food manufacturers.
The manufacturer of gourmet potato chips is branching out across Indiana and into Ohio to introduce its original and sweet and spicy flavors to a broader audience.
Orders for durable goods jumped 4.4 percent in July, bouncing back from a 4.2 percent plunge in June, the Commerce Department reported Thursday.
The company will locate in the Lebanon Business Park and pay salaries “well above $20 per hour,” an economic development official said.
Currently working its way through Chapter 11 bankruptcy, the firm expects the closure at its Tibbs Avenue plant to affect dozens of employees.
General Motors officials are set to announce what is expected to be a major investment at an Indiana factory that will allow it to retain more than 1,400 jobs.
The Chicago-based tech firm, which planned to hire hundreds in Indianapolis and considered moving its headquarters here, has streamlined local operations. Meanwhile, top local exec R.J. Talyor has parted ways with the company.
After a six-year run-up for the Indianapolis-based oil refiner that saw its revenue nearly double, the company has eliminated about 25 jobs, 2 percent of its workforce, in recent months.
The Columbus-based engine maker will be part of a federal program aiming to more than double the freight efficiency of 18-wheelers.
SmartFile Inc. secured the investment from Vision Tech Angels and Elevate Ventures. It plans to use a majority of the cash on sales and marketing.
U.S. factories cranked out more autos, machinery and chemicals in July. But even as And even as output ticks up, manufacturers aren’t adding many jobs.
Welding, cutting, soldering and brazing are lumped together and rank high on the Hoosier Hot Jobs list.
The company on Thursday said the plant would close Aug. 26. The closure will put more than 300 people out of work.
The car dashboard, once the exclusive infotainment domain of traditional radio, is becoming a battleground where divergent companies fight for the attention of drivers and passengers.
In the school year that ended in May, nearly 175,000 students were enrolled in more than 235,000 career and technical classes. That’s an 11 percent increase since the 2012-2013 school year, when Gov. Mike Pence challenged schools to serve students going to work as well as students going to college.
Small-business and manufacturers’ groups praised a proposal by Republican presidential candidate Donald Trump to take the U.S. federal corporate tax from the highest to one of the lowest among developed nations.
Rose Acre Farms was founded in 1939 and is among the country's largest egg producers, with 17 facilities and about 1,900 employees in six states.
Agrowing number of central Indiana tech firms use a software-development process called agile, which is characterized by quick production cycles, flexibility and simultaneous feedback.
