Watermill Group, a private investment firm based in Massachusetts, has acquired Shelbyville-headquartered Enbi. The deal marks Watermill’s second major cross-border acquisition in two years, expanding the firm’s presence in Indiana and beyond.
Founded in Nuth, The Netherlands, Enbi’s manufacturing footprint spans the US, Europe and Asia. The company produces high-performance precision rollers, gaskets, seals and insulation for complex applications in image transfer, fusing, substrate transport and acoustic and thermal insulation. Enbi also provides digital printing, ATMs and cash handling systems and HVAC.
“Enbi is a dynamic engineering-driven organization,” stated Tracy Streckenbach, Partner, Watermill. “The company’s technical acumen and worldwide manufacturing capabilities have established it as an innovative partner serving rapidly changing, global end markets. We are looking forward to working with Enbi’s talented leadership team and applying Watermill’s strategy-driven approach to accelerate growth.”
By Mike McCarty Chief Executive Officer, Safe Hiring Solutions
Every time there’s a shooting at a school or a workplace, the arguments begin. We need more police officers stationed in the buildings. We need to arm teachers or encourage employees to carry handguns. We should invest in smokescreen systems or bulletproof partitions. Everyone should hide from the shooter. Everyone should run from the shooter. Everyone should confront the shooter. It’s healthy that we’re discussing safety, but unfortunately, we’re talking...
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.
West Lafayette city officials this week broke ground on the $31.5 million West Lafayette Wellness and Aquatic Center at Cumberland Park. Plans for the 72,000-square-foot project feature a natatorium, three gymnasiums, exercise machines, free weights and community rooms.
The president of Butler University says the new building for the Lacy School of Business will create better engagement for students and faculty. The university unveiled the building Wednesday on the Indianapolis campus. James Danko says the new facility adds five times the classroom space and square footage for the school, which previously didn't have enough space for half of its classes. In an interview with Inside INdiana Business Reporter Mary-Rachel Redman, Danko called...
Michigan-based SpartanNash (Nasdaq: SPTN) has decided to discontinue the Indianapolis-based Caito Fresh Kitchen operations. The grocery retailer-distributor acquired Caito Foods Service in January 2017 for $217 million. The company broke ground on its $32 million fresh kitchen process facility in 2015.