Batesville-based Hillenbrand Inc. on Wednesday announced plans to sell an approximately 51% stake of its Milacron injection molding and extrusion business to an affiliate of Boston-based investment firm Bain Capital. Hillenbrand said the deal is valued at $287 million.... Read More
The Fort Wayne-based technical institute said Cheviron will lead the development of community partnerships, programs and services provided by Junction 36, and fundraising efforts to support the initiative.... Read More
Honda Motor Co. and Nissan Motor Co. called into question an agreement reached less than two months ago to consider combining, casting doubt on their efforts to form one one of the world’s largest automakers.... Read More
In its fourth-quarter and full-year 2024 financial report, released Tuesday morning, the manufacturer said it had incurred $312 million in primarily non-cash charges in the fourth quarter related to the Accelera reorganization.... Read More
Elkhart Composites, formerly a subsidiary of Elkhart-based Thor Industries Inc., manufactures composite products for sidewalls and ceilings used in recreational vehicles and other products.... Read More
While President Donald Trump said Monday that he is holding off on imposing tariffs against Mexico and Canada, the CEO of the Indiana Manufacturers Association says the tariffs, if implemented, would impact Indiana’s manufacturing sector. “With so many variables and individual business decisions to be made, the only sure thing at the moment is uncertainty,” […]... Read More
U.S. factory activity expanded last month for the first time since 2022 as orders ramped up and production quickened, pointing to a brighter manufacturing outlook.... Read More
New York-based Liberation Labs said Thursday that it has secured an additional $50.5 million in capital that will fund the completion of its biomanufacturing facility in Richmond. Construction is expected to be complete later this year. ... Read More
Polar Leasing said the 12,800-square-foot facility in Temple, Texas is designed to serve the company's customers and freight partners in the south-central part of the United States.... Read More
Precision Products Group, a manufacturer of engineered materials for the electrical, medical, aerospace & defense, and industrial markets based in Indianapolis, has acquired Cincinnati-based Cindus Corp. Financial terms of the deal are not being disclosed.... Read More
Warsaw-based Zimmer Biomet is looking to acquire a medical device company headquartered in Englewood, Colorado. The proposed deal for Paragon 28, which specializes in foot and ankle orthopedics, is valued at $1.2 billion. ... Read More
Lafayette-based trailer manufacturer Wabash is reporting a full-year net loss of $284 million in 2024. Despite the loss, CEO Brent Yeagy said the company demonstrated improved resilience during a down cycle in the industry.... Read More
The parent of several well-known mattress brands is planning to close its mattress manufacturing facility in Jeffersonville. In a notice to the state, California-based Resident Home said the move will result in the layoffs of 106 employees.... Read More
Knightstown-based NexGen Manufacturing has restructured its leadership ranks as the provider of contract-based manufacturing and precision metal fabrication services looks toward future growth.... Read More
Ancora Holdings Group reported acquiring a 0.18% stake in U.S. Steel. It said Monday that U.S. Steel CEO David Burritt and the company's board have prioritized a sale to Nippon because they stand to receive more than $100 million if it goes forward.... Read More
In an email to employees North America COO Antonio Filosa confirmed that the plant in Belvidere, about 70 miles northwest of Chicago, will produce a new midsize pickup truck. The move will put about 1,500 UAW-represented employees back to work.... Read More
Lafayette-based freight-trailer manufacturer Wabash this week announced a pair of key leadership changes as the company continues to cope with declining sales.... Read More
U.S. defense contractor Anduril Industries, which acquired an Indiana rocket fuel startup in 2023, is preparing to build a massive advanced manufacturing facility in central Ohio, adding a planned 4,000 jobs to the area's burgeoning high-tech sector.... Read More
The company is investing nearly $7 million in its new polystyrene operations at its Scottsburg facility with plans to create 45 jobs by 2028, according to One Southern Indiana.... Read More
Steelmaker Cleveland-Cliffs on Monday indicated interest in acquiring U.S. Steel, less than two weeks after President Joe Biden blocked Japan-based Nippon Steel’s bid to buy the embattled American company, citing national security concerns.... Read More
