Hillenbrand completes Peerless acquisition

Batesville-based Hillenbrand Inc. (NYSE: HI) has completed its acquisition of the Peerless Food Equipment division of Illinois Tool Works Inc. (NYSE: ITW). Hillenbrand says the acquisition is valued at nearly $60 million.... Read More

Catalent laying off 400 in Bloomington

New Jersey-based Catalent Inc. is laying off some 400 workers at its facility in Bloomington this week. Indiana Public Media reports the move was announced to employees in an internal email and involves full-time and temporary positions.... Read More

Bloomington wants nonprofit to manage expansion

The city of Bloomington is continuing its push to utilize a 501(c)3 nonprofit to oversee the construction and ongoing management of an expansion to the Monroe Convention Center. The city proposes the nonprofit instead of forming a capital improvement board.... Read More

Inotiv plans to consolidate Indy facilities

West Lafayette-based Inotiv Inc. (Nasdaq: NOTV) this week announced additional site consolidation plans. The pharmaceutical testing company said it plans to close two isolator facilities in Indianapolis and consolidate them with existing facilities in the U.S.... Read More

Southwest Indiana projects land READI funding

The Southwest Indiana RDA has awarded more than $6 million in Regional Economic Acceleration Development Initiative funding to six projects. The recipients include projects focusing on workforce housing, riverfront development and a nursing program expansion.... Read More