Patrick Completes Diamondback Towers Acquisition

Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) has completed the acquisition of Diamondback Towers LLC, a Florida-based manufacturer of wakeboard and ski towers and accessories for marine original equipment manufacturers. Financial terms of the deal were not disclosed.... Read More

Elanco Reports Q1 Profit

Greenfield-based Elanco Animal Health Inc. (NYSE: ELAN) is reporting first quarter net income of $48 million, compared to a net loss of $61 million during the same period last year. Chief Executive Officer Jeff Simmons says the results demonstrate "consistent delivery and strong execution" throughout the business.... Read More

Chambers: Summit Will Bring the World to Indiana

A first-of-its-kind event is set to take place on Memorial Day weekend in Indianapolis. The Global Economic Summit is billed as a showcase for innovation, disruptive technology and new economy thinking, and is expected to attract big names, including a former Google CEO. ... Read More

Nursing Home Operator Leaving 8 Locations

A Warsaw-based nursing home operator is detailing plans to terminate its operating leases at eight Indiana locations, affecting nearly 700 employees. In a series of notices to the state, Miller's Health Systems Inc. says, however, that it expects the new operator of each facility "will hire most if not all of the MHS employees currently working" at those locations.... Read More

INDATA Project to Assist Disabled Ag Workers

The INDATA Project at Easterseals Crossroads in Indianapolis is partnering with Indiana AgrAbility. The nonprofit says the partnership will help increase access to assistive technology information and services for disabled agricultural workers in Indiana.... Read More

Grand Design Debuts Customer Service Facility

Middlebury-based Grand Design RV has unveiled its 300,000-square-foot customer service facility. The Elkhart Truth reports the facility is part of a larger growth initiative that Grand Design says will create up to 700 jobs.... Read More

Yonkman: New Indy Plant Represents ‘Holistic Approach’

Bloomington based Cook Medical’s new Indianapolis manufacturing plant could mean 200 jobs over the next several years, but the jobs and the $15 million investment are only part of the story. Employees at the plant, which officially opened last week, will come from the neighborhood around East 38th Street and Sheridan Avenue, which has been struggling economically for years. ... Read More

Ed Tech Game Firm Receives $1M in Research Funding

A West Lafayette-based startup that makes science-focused games for elementary-age students has received $1 million in Small Business Innovation Research funding from the National Science Foundation. Explore Interactive, which markets its MindLabs interactive games, has also been awarded $75,000 from Elevate Ventures through the SBIR/STTR Phase II Matching Program.... Read More

PODCAST: ‘We are Seed and Only Seed’

Farmers make decisions every day and while variables change year in and year out, one thing remains constant: it all starts with seed. In this week’s Agbioscience podcast presented by AgriNovus Indiana, AgReliant Genetics Chief Executive Officer Paul Nselel explains the Westfield-based company’s focus on genetics and seed production.... Read More

Precision Edge Buys Eva-Lution in Angola

Angola-based Eva-Lution has been acquired by Precision Edge Surgical Products Co. in Michigan, which specializes in contract manufacturing of orthopedic and medical device instruments. The company says the acquisition of Eva-Lution's 60,000-square-foot facility will support continued growth in a geographical area known for orthopedic original equipment manufacturers.... Read More

Holcomb makes appointments to boards, commissions

Governor Eric Holcomb has announced several appointments to various state boards and commissions. They include the Indiana Election Commission, the Indiana State Fair Commission, and the Northwest Indiana Regional Development Authority Board of Directors.... Read More

Toyota, Cornell to Launch Forklift Learning Studio

Columbus-based Toyota Material Handling and Cornell University’s College of Engineering are forming a partnership to provide hands-on engineering experience. Toyota says the Forklift Learning Studio will incorporate Toyota equipment to provide an immersive education that connects theory with application.... Read More

Calumet Specialty Products Reports Quarterly Loss

Indianapolis-based Calumet Specialty Products Partners L.P. (Nasdaq: CLMT) is reporting a first quarter net loss of $95.5 million, compared to a loss of $146.1 million during the same period last year. Chief Executive Officer Todd Borgmann says despite the loss, the company's plants operated well, delivering the highest quarterly production volume in more than three years.... Read More