Shareholders approve $485M Kimball acquisition

Jasper-based commercial furnishings company Kimball International Inc. on Wednesday announced its shareholders have approved HNI Corp.'s proposed $485 million acquisition of the company. With the approval, the deal is expected to close on Thursday.... Read More

Culinary career development program graduates first class

Through a partnership with Crystal Signature Events, the program gives students the ability to work with corporate chefs at The Crane Bay Event Center, The Indiana Roof Ballroom and The Heirloom at N. K. Hurst. The training circuit is among a renewed wave of similar workforce development initiatives to prepare Hoosier students for the workforce.... Read More

Clarksville’s only funeral home has new owner

The fund provided the additional loan so owner Todd Watts has working capital and can expand his new business. The funeral home has assisted grieving community members since 1951 with typical services like cremation and prearrangement.... Read More

Former Edison CEO files complaints against school

Nathan Tuttle, the former CEO of the Edison School of the Arts, is seeking at least $300,000 in damages from the school in a tort claim, which individuals must file in Indiana and have denied in whole or in part before suing a government entity.... Read More

Industrial parks growing in Wayne County

The annual report from the Economic Development Corp. of Wayne County released this month shows businesses invested $44.1 million to grow their operations. But the two main business parks in the county also saw growth, and plans call for continued expansion.... Read More

Cardinal Spirits receives funding to boost production

Bloomington-based craft distillery Cardinal Spirits will expand its contract bottling services and ready-to-drink canned cocktails with a $50,000 investment from The IU Angel Network. This is the first time the company has received an investment from the network, which is a program managed by startup venture capital corporation IU Ventures. ... Read More

Rolls-Royce lands military contract boost

The U.S. Department of Defense has awarded a more than $21 million contract boost to Rolls-Royce Corp. in Indianapolis. The contract calls for the production and delivery of engines for the V-22 Osprey aircraft.... Read More

Hoosier communities become broadband ready

The Indiana Broadband Office and the Indiana Office of Community and Rural Affairs have designated Ohio and Dearborn Counties, the town of Moore's Hill, the town of Dillsboro and the city of Rising Sun as the state’s latest Broadband Ready Communities. T... Read More

Indy cold storage company acquired

A fourth-generation company that operates two large cold storage facilities in central Indiana is under new ownership. South Dakota-based Vertical Cold Storage said Tuesday it has acquired MWCold in Indianapolis, though financial terms are not being disclosed.... Read More