A snack maker with a nearly 85-year legacy in Fort Wayne is closing. Our partners at WPTA-TV report Seyfert's has alerted employees it will cease operations. The chip, pretzel and cheese puff producer says it is no longer profitable, according to WPTA-TV.
Seyfert's was founded in Fort Wayne in 1934, was acquired by Borden Inc. in 1982 and sold it to Heath Acquisition Corp. in 1994. Pennsylvania-based Troyer Farms bought Seyfert's in 2001. WPTA-TV reports alternatives to closing -- including selling -- were explored, but not possible. Displaced employees will be offered a severance package and job placement assistance.
Troyer Farms also produces snacks under its own brand name and for private labels, as well as Dan-Dee and Seyfert's. The company bills itself as "the only U.S. manufacturer of potato chips that grows its own potatoes."
By Ryan Collier Director of Investment Management, Bedel Financial Consulting Inc.
Here we go again! On Wednesday, August 14th, we watched the Dow Jones Industrial Average (DJIA) drop over 800 points. The previous Monday the Dow ended down over 700 points. But what you may have missed is the sharp downward move in interest rates that has intensified with the recent stock market volatility. What does this mean for your portfolio?
Forbes released its 12th annual ranking of America’s Top Colleges based on direct benefits a university or college provides its students. Several Indiana universities made the list in some “sub-categories”, like Grateful Graduates Index, but the University of Notre Dame was the only school in the state to break the top 20 overall rankings.
Indiana’s fastest growing city is showing no signs of slowing down. Mayor Andy Cook says now that Westfield has established itself as a destination for family sports with the Grand Park Sports Campus, the $35 million Grand Junction Plaza will transform the city’s downtown into a destination, a place “where people want to be.” Cook says the project, more than a decade in the making, is an example of a place making strategy necessary for Midwest...
A Hammond factory recently vacated by Michigan-based Lear Corp. didn’t sit empty for very long. Midland Metal Products has taken over the former seat factory, having relocated from Chicago after 95 years.
The value of top-quality farmland in Indiana has declined continuing a five-year trend, according to the latest data from Purdue University. The statewide average of the best cropland is $8,212 per acre, down more than five percent, or $456 per acre, from the same period last year. Purdue’s survey shows average and poor-quality farmland values also dropped, but not as much. Average quality farmland declined by 0.9 percent. Purdue says the poor...
TriCore Logic has announced plans to expand its office space and staff at its downtown Fort Wayne headquarters. The company plans to invest over $200,000 in the expansions. The 2010-founded company moved to the Anthony Wayne building in 2013, and now plan to grow their staff of five employees by up to eight over the next four years.