Carmel Firm Acquires Shower Product Manufacturer

A Carmel-based private equity firm is adding to its portfolio. Mayfar Capital Partners has acquired Tile Redi Holdings LLC, a Charlotte-based manufacturer of shower products that also operates manufacturing and fulfillment centers in Elkhart.... Read More

Terre Haute Casino Clears Another Hurdle

The planned $260 million casino in Terre Haute has secured another key approval. Our partners at WTHI-TV report the Terre Haute Board of Zoning Appeals has unanimously approved a height variance for the Queen of Terre Haute's 150-foot tall hotel.... Read More

Food Distributors Announce Merger

Two northern Indiana food distribution companies have joined forces. South Bend-based Stanz Foodservice has merged with Troyer Foods in Goshen to create what they say is the largest Indiana-based food distributor.... Read More

Major Gifts to Support New DePauw Business School

DePauw University says two gifts totaling $40 million will support the university's new School of Business and Leadership. The announcement comes just one day after DePauw unveiled its five-year strategic plan, which includes the creation of the business school.... Read More

Rolls-Royce Plans $400M in Testing Upgrades

Rolls-Royce Corp. has announced plans to invest $400 million in its Indianapolis and West Lafayette operations. The company says the investment, which will take five years to complete, is part of an effort to modernize its engine test facilities in Indiana.... Read More

Manufacturer Closing Seymour Facilities

A Chicago-based consumer products manufacturer is shutting down operations in Jackson County. In a notice to the state, Home Products International-North America Inc. says it will close its two manufacturing plants and distribution center in Seymour and lay off 123 employees.... Read More

Purdue Study Targets Pests in High Tunnels

An assistant professor of entomology at Purdue University is leading a $3.7 million study examining the impact of pests in high tunnels, plastic barriers designed to protect crops from environmental factors such as high wind or rainfall. Laura Ingwell says the project aims to understand how pest pressures vary whether the high tunnels are located in urban or rural areas. ... Read More

ArcelorMittal Moves North American HQ to Schererville

Luxembourg-based ArcelorMittal (NYSE: MT) has relocated its North American headquarters from Chicago to Schererville, according to our partners at The Times of Northwest Indiana. The move comes more than a year after the steelmaker divested most of its U.S. assets to Cleveland-Cliffs Inc. (NYSE: CLF).... Read More