Fort Wayne Pump Maker to be Acquired

Ohio-based The Gorman-Rupp Co. (NYSE: GRC) says it will acquire the Fill-Rite business of Tuthill Corp. in Chicago in a $525 million deal. Fill-Rite, based in Fort Wayne, manufactures the Fill-Rite and Sotera brands of liquid transfer pumps, meters and related products at facilities in Allen County and Lenexa, Kansas.... Read More

Incentives Approved for Plymouth Distribution Center

The Plymouth Common Council has approved a tax abatement for South Bend-based Holladay Properties, which is building a $3.1 million distribution center in the Marshall County city. The building will serve as the northern Indiana headquarters for Carmel-based replacement window company Renewal by Andersen.... Read More

Indy 500 Qualifying Extended

INDYCAR has announced changes to the qualifying format for the 106th running of the Indianapolis 500. The second day of the two-day event will be expanded to include two rounds of qualification attempts to decide the first four rows of the 33-car grid.... Read More

Market Wagon Hits $10M Sales Milestone

Indianapolis-based Market Wagon is celebrating a milestone in its six-year history. The online farmers marketplace says it has received $10 million in cumulative sales for farmers, chefs and artisans in central Indiana.... Read More

Newly-Formed Arts Group Brings New Model to Bloomington

An organization in Bloomington formed through a merger of three performing arts groups has unveiled its new brand and plans for an inaugural season. Constellation Stage & Screen will officially begin operations in July and is launching a five-year fundraising campaign to increase annual revenue to support its theater and film productions, as well as arts education initiatives. The organization looks to bring a unique concept to Indiana's arts community with its "Page to Stage to Screen" pipeline model.... Read More

Metal Recycler Investing in Fort Wayne

A newly-formed international metal recycling firm is bringing a major project to Fort Wayne. The city says Exurban USA Inc. will invest $300 million to build a new facility in the Adams Township Industrial Park and create about 200 full-time jobs.... Read More

Record Gift to Launch New Krannert Program

The Krannert School of Management at Purdue University has received a nearly $21 million gift from the Dean and Barbara White Family Foundation, the largest gift in the school's history. In recognition of the gift, the university has announced the launch of the Dean V. White Real Estate Finance Program, an academic minor that will begin this fall.... Read More

Report: Simon, Brookfield Offer to Acquire Kohl’s

Indianapolis-based Simon Property Group Inc. (NYSE: SPG) is reportedly looking to expand its retail ownership footprint. The mall owner and Canada-based Brookfield Asset Management Inc. (NYSE: BAM) are looking to acquire Kohl's (NYSE: KSS) in an $8.6 billion deal, according to the New York Post. ... Read More