Order-fulfillment firm sells for $55M in cash
A publicly traded e-commerce firm has acquired Indianapolis-based Fifth Gear, a company with more than 500 employees that specializes in fulfilling consumer orders through catalogs and digital retail.
Manufacturing
Articles
U.S. factory output slips a tad, but still healthy
U.S. factories were slightly less busy in November, as production and hiring slowed, although the level of activity remained strong.
Revenue has nearly tripled in past two years for blood-test maker
PTS Diagnostics engineered an about-face on its business plan five years ago, ditching its retail strategy to focus on serving physicians and nurse practitioners. This year, PTS is on pace to record revenue of nearly $50 million, up from $17 million two years ago.
EnerDel regroups after missing job targets
EnerDel Inc. is regrouping under a strategy of targeting niche markets, as Indianapolis and Hancock County officials press executives about the firm’s future and former pledges of local investment and job creation that failed to pan out.
Kiely to step down at Indiana Manufacturers Association
Longtime President Pat Kiely will retire July 1, the group announced Monday morning. In line to replace him is Vice President and Chief Operating Officer Brian Burton.
Battery maker EnerDel retrenches, dodges clawbacks
EnerDel is regrouping under a strategy of targeting niche markets—a plan that has convinced Indianapolis and Hancock County officials to back off threats to yank economic development incentives.
Electronic rubber duckie boasts smartphone smarts
Two Carmel-based entrepreneurs created Edwin the Duck, which they bill as the world’s first interactive rubber duck. The prototype has already piqued the interest of Amazon, Bed Bath & Beyond and other retailers, the inventors said.
Hillenbrand sees rare progress in controlling workers’ weight
Hillenbrand is making headway at a time when most corporations reap little improvement for their investment in wellness programs.
Rolls-Royce to eliminate 200 plant jobs, trim engineering force
Indianapolis-based employees have been offered voluntary severance packages as the global engine maker follows through on plans to eliminate about 2,600 positions company-wide.
Casket competitors settle lawsuit for $17M, fees
An Indiana-based casket manufacturer has agreed to pay a Pittsburgh-based competitor to settle claims it stole customers and employees, and interfered with business operations.
Indiana office furniture maker to shut down plant
A southern Indiana company that makes wooden office furniture is closing its doors after more than six decades, costing more than 80 workers their jobs.
Anderson board backs $11M toward new Purdue center
Officials in Anderson are backing plans to build a 94,000-square-foot building to house the proposed Purdue University technology education center.
Local steel fabricator to buy Vincennes steel firm
Indianapolis-based Lenex Steel Corp. plans to acquire Wabash Steel LLC of Vincennes from its Ohio-based owner, the local company announced Wednesday.
Lawmakers recommend cutting equipment tax
A panel of Indiana lawmakers is recommending the state eliminate the business equipment tax for small businesses.
Bridgestone’s consolidation plan to cost Carmel 400 jobs
Bridgestone Americas Inc. plans to relocate three business units, including Firestone Building Products and Firestone Industrial Products in Carmel, into a new headquarters in Nashville, Tennessee.
Georgia-based wire maker plans Indiana expansion
The country's largest wire and cable manufacturer says it will expand its northern Indiana operations and add as many as 100 workers by the end of 2016.
Carmel click-bait giant ZergNet nabs $3.2M in private equity
The Internet company that claims Dallas Mavericks owner and “Shark Tank” dealmaker Mark Cuban as its seed funder has added more financial backers.
City’s top website developer merges with Ohio company
The merger of Indianapolis-based Fusion Alliance and Columbus-based Quick Solutions forms a company with 550 employees and annual revenue of $75 million.
Obama wants more regulation of Internet providers
Internet providers shouldn't be allowed to cut deals with online services like Netflix or YouTube to move their content faster, and should be regulated more like phone companies, President Barack Obama said Monday.
Refinery co-owned by Calumet to start producing next month
Indianapolis-based Calumet Specialty Products Partners and Bismarck-based MDU Resources Group Inc. are building the $350 million Dakota Prairie Refinery, the first greenfield refinery built in the U.S. since 1976.