Novo Holdings completes $16.5B acquisition of Catalent
With the deal done, Novo Holdings said it will move forward with plans to sell three of Catalent’s fill-finish sites—including one in Bloomington—to subsidiary Novo Nordisk.... Read More
With the deal done, Novo Holdings said it will move forward with plans to sell three of Catalent’s fill-finish sites—including one in Bloomington—to subsidiary Novo Nordisk.... Read More
From Smoker Craft’s robotic tube welding system to Masterbilt’s flexible workpiece handling system with robotics, manufacturers in the South Bend-Elkhart region are taking full advantage of the state's Manufacturing Readiness Grants.... Read More
Tanco Terminals is investing in an $8 million expansion of its operations at the Ports of Indiana-Burns Harbor. The goal of the buildout is to expand Tanco's ability to load and unload liquid cargo from ocean vessels, river barges and trains more efficiently. ... Read More
Elkhart-based Forest River Inc. is planning to lay off a total of 160 workers. In a notice to the state, the recreational vehicle manufacturer said the affected employees work at three plants in Elkhart and one in Bristol.... Read More
Indianapolis-based Dealers Wholesale, a distributor of commercial doors, business hardware, and security systems, has acquired Palatine Builders Supply in Illinois. Financial terms of the acquisition are not being disclosed.... Read More
A food wholesale distribution company headquartered in Providence, Rhode Island has announced plans to end its warehousing and office operations in Fort Wayne. In a notice to the state, UNFI Wholesale said the move would result in the layoffs of 157 workers.... Read More
Evansville-based Pro-Tex-All Co., a janitorial supply, equipment distribution and chemical manufacturing company, has acquired Gem Chemical, also based in Evansville, the companies announced this month. Financial terms of the deal are not being disclosed.... Read More
Incoming President Donald Trump’s pledge to impose tariffs on goods from Canada and Mexico has caught the attention of Indiana companies, which stand to experience a significant impact if new or expanded tariffs are imposed.... Read More
Japan-based Nippon Steel unveiled plans to invest almost $1 billion in United States Steel Corporation’s (U.S. Steel) Gary Works, at a press conference at Gary City Hall Thursday. Altogether, Nippon Steel Vice Chairman Takahiro Mori said the company was set ...... Read More
Indianapolis-based Now Courier has been acquired by Priority Courier Experts, a logistics services company headquartered in Minneapolis, Minnesota. Financial terms of the deal are not being disclosed.... Read More
For the first time in its short history, the "Coolest Thing Made IN Indiana" tournament from the Indiana Chamber of Commerce has resulted in two winners. The chamber on Wednesday also revealed the 2024 Indiana Best Places to Work in Manufacturing.... Read More
Katelyn Niederhaus, parts ordering analyst at Toyota Motor Manufacturing Indiana, is a member of the Conexus Indiana Rising 30 Class of 2024. She spoke with IIB about her experience at the Gibson County plant and her future in manufacturing.... Read More
Massachusetts-based Raytheon will utilize its facility in Fort Wayne to complete a $590 million production contract from the U.S. Navy. The contract calls for the production of the company's Next Generation Jammer Mid-Band system.... Read More
After meeting with United Steelworkers leaders, the Japanese firm released a letter to U.S. Steel staff on Monday. In it, the Japanese firm said it made new commitments with regards to where and when a previously announced $1.4 billion would be spent.... Read More
CEO Bob Martin said the recreational vehicle manufacturer's performance continues to be impacted by a soft retail and wholesale environment, which was expected heading into the quarter.... Read More
The deal can be completed if it passes due process and is approved by the outgoing administration, said Takahiro Mori, vice president of Japan’s Nippon Steel. Mori signaled the same confidence about timing of a potential takeover last month.... Read More
President-elect Donald Trump is underscoring his intention to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp., and he's pledging to use tax incentives and tariffs to strengthen the iconic American steelmaker.... Read More
A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana.... Read More
Michigan-based Faurecia Emissions Control Technologies USA Inc. will pay more than $101,000 in back wages and damages to 260 employees at its Fort Wayne location following an agreement with the U.S. Department of Labor.... Read More
The plastics manufacturer said Tuesday it has reached an agreement to sell its Specialty Tapes business to Nautic Partners, a private equity firm in Providence, Rhode Island, in a $540 million deal.... Read More