Fort Wayne-based Sortera Alloys has closed on a $10 million round of funding led by Breakthrough Energy Ventures in Washington. The company, which has developed a technology platform for the industrial recycling industry, says it will use the funding to scale operations and add jobs.... Read More
Indianapolis-based Allison Transmission (NYSE: ALSN) is partnering with Team de Rooy, a multiple-time winner of the Dakar Rally race, to develop electric trucks for motorsport competitions. The company says testing is scheduled to begin on an electric truck equipped with a conventional Allison transmission in early 2022.... Read More
Evansville-based Berry Global Group Inc. (NYSE: BERY) is responding to a letter from Ancora Holdings Group LLC. The Cleveland-based company, which owns 1% of Berry's outstanding shares, says... Read More
Columbus-based Cummins Inc. (NYSE: CMI) has entered into an agreement with Arizona-based Sion Power Corp., a developer of high-energy rechargeable batteries, to design and supply battery cells. Cummins says the battery cells are based on Sion Power's proprietary lithium metal technology for commercial electric vehicles.... Read More
The U.S. Securities and Exchange Commission has announced final judgments against two former executives of an Evansville plastics manufacturer. The SEC says Kevin Kuhnash and Jason Jimerson are being ordered to pay more than $2 million in penalties and interest after being sentenced to prison earlier this year on charges of securities fraud and money laundering.... Read More
La Porte-based Boss Industries is adding a manufacturer of remote mobile power units to its portfolio. The company has acquired HIPPO Multipower, headquartered in Missouri, though financial terms of the deal are not being disclosed.... Read More
Thanksgiving is just a few days away, but one thing business owners are not giving thanks for this year is supply chain shortages. That's why one family-owned business in Terre Haute is learning to adapt and be flexible this holiday season.... Read More
Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) has acquired Williamsburg Marine LLC and Williamsburg Furniture Inc., a manufacturer of marine and motorized RV seating in the Kosciusko County town of Milford. Financial terms of the deal were not disclosed.... Read More
Ireland-based Allegion plc (NYSE: ALLE) has announced plans to grow the central Indiana footprint of its Schlage Lock Co. LLC subsidiary. The security products and solutions provider says it will invest $13 million to enhance its manufacturing and engineering capabilities in Indiana, and create up to 325 jobs by the end of 2026.... Read More
Kokomo-based Haynes International Inc. (Nasdaq: HAYN) is reporting a fiscal full-year net loss of $8.7 million, compared to a loss of $6.5 million the previous year. Despite the drop, Chief Executive Officer Michael Shor says the company "saw the first signs of meaningful growth" in its aerospace segment.... Read More
Indianapolis-based Calumet Specialty Products Partners LP (Nasdaq: CLMT) is growing its Renewable Diesel business. The company has established Montana Renewables LLC as a new subsidiary, which it says will become one of the most advantaged renewable diesel producers in North America.... Read More
A Missouri-based pet food manufacturer is planning to expand operations to central Indiana. Diamond Pet Foods says it will invest more than $200 million to construct a 700,000-square-foot manufacturing and distribution facility in Rushville and create more than 170 jobs by 2023. The... Read More
South Carolina-based US Brick Holdings LLC is growing its footprint with the acquisition of several brick manufacturing and distribution facilities. Financial terms are not being disclosed, though the deal includes a manufacturing plant in Mooresville and distribution center in Evansville.... Read More
Evansville-based Berry Global Group Inc. (NYSE: BERY) is continuing to grow its access to recycled materials to be used in the plastic products it manufactures. The company says it has inked a deal with Florida-based PureCycle to source its advanced recycled resin as demand for more sustainable products grows.... Read More
businesses alike, they say they would like to see short term moves that could help alleviate bottlenecks. Integrated Distribution Services, Inc. Chief Executive Officer Mark DeFabis says an obvious move is to allow 18–21-year-olds with a commercial driver’s license to transport cargo across state lines. ... Read More
One of the largest candy makers in the world is growing its salty-snack portfolio with the acquisition of two pretzel makers, including Bluffton-based Pretzels Inc. Pennsylvania-based The Hershey Co.... Read More
Elkhart-based Forest River RV has announced plans to expand in Noble County. The manufacturer says it has acquired three buildings totaling nearly 160,000 square feet in the Ligonier Industrial Park w... Read More
Jasper-based Kimball International Inc. (Nasdaq: KBAL) is reporting a fiscal first quarter net loss of $5.1 million, compared to net income of $5.4 million during the same quarter last year. Despite t... Read More
An automotive components manufacturer has announced plans to lay off 125 workers at its Greencastle facility. In a notice to the state, International Automotive Components said the move is due to "unf... Read More
Jasper-based Kimball Electronics Inc. (Nasdaq: KE) is reporting fiscal first quarter net income of $2.6 million, down from $16.8 million during the same period a year ago. Chief Executive Officer Dona... Read More
