Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) says it will acquire Rockford Corp., a designer and distributor of audio systems and components for the powersports, marine and automotive markets, headquartered in Arizona. Financial terms of the deal were not disclosed.... Read More
A Morgan County design company is moving its operations to Indianapolis. Mooresville-based Creative Works, which designs, manufactures and installs themes, props and attractions for the amusement industry, says it will relocate to the Park Fletcher industrial complex on the city's southwest side in May, bringing with it more than 70 jobs and creating up to 30 more by the end of the year. The move comes as the company prepares to celebrate its 25th anniversary this year.... Read More
A $100,000 grant from the U.S. Economic Development Administration is being used to implement an initiative designed to boost economic opportunities for Indiana farmers. ... Read More
A Huntington-based manufacturer of conveyor systems and material handling equipment has broken ground on a nearly $5 million expansion. Shuttleworth says the project will add 55,000 square feet of manufacturing space and create 20 jobs by the end of 2024.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) says it has entered into an agreement to acquire Meritor Inc. (NYSE: MTOR) in Michigan in a deal valued at $3.7 billion. Meritor is a supplier of drivetrain, mobility, braking, aftermarket and electric powertrain products for the commercial vehicle and industrial markets. Cummins CEO Tom Linebarger calls the acquisition an important milestone for the company as it works to develop more zero carbon products.... Read More
Ohio-based Cleveland-Cliffs Inc. (NYSE: CLF) is planning to indefinitely idle one of the two remaining blast furnaces at its Indiana Harbor Works steel mill in East Chicago. Despite the move, the steelmaker says no Hoosier jobs will be affected.... Read More
Indianapolis-based Direct Connect Logistix has acquired another third-party logistics provider headquartered in Utah. Financial terms of the deal for Performance Logistics LLC are not being disclosed, though DCL says it plans to expand the workforce at the Utah location.... Read More
New Albany-based Cimtech has announced plans to grow its southern Indiana operations. The precision manufacturer says it will invest $2.3 million over the next 10 years to add nearly 14,000 square feet of space and a small number of jobs.... Read More
Terre Haute-based Garmong Development is detailing plans for what it calls a signature project in Brownsburg. The Commerce Park at Brownsburg Raceway is being developed on 47 acres near Lucas Oil Indianapolis Raceway Park and is designed to promote research & development and manufacturing for the autosports industry. ... Read More
Janus Motorcycles in Goshen has won the 2022 Coolest Thing Made in Indiana contest from the Indiana Chamber of Commerce. The manufacturer beat out 64 other competitors from around the state to win the bracket-style tournament.... Read More
Indianapolis-based Ambrose Property Group says work has begun on a more than 500,000-square-foot building at the Westpoint Business Park in Monrovia. The developer says the $40 million facility, set for completion in September, will target logistics, industrial and light manufacturing use.... Read More
An executive with Fort Wayne-based Steel Dynamics Inc. (Nasdaq: STLD) says the company's recent growth is due to both increased market demand and strategic investments. The steelmaker reported record profit in 2021 and last week announced plans to hire up to 200 employees in northeast Indiana. Senior Vice President Chris Graham says the company is confident it will find the workforce it needs because of its reputation as an employer.... Read More
Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) is reporting full-year net income of $225 million, up from $97 million the previous year. President Jeff Rodino says market conditions across the manufacturer's platform have remained strong despite challenges from the pandemic.... Read More
Peak Toolworks, a manufacturer of diamond and carbide cutting tools headquartered in Jasper, has acquired Elkhart-based Tooling Concepts Inc. Financial terms of the deal were not disclosed, though Peak says it plans to further invest in the Elkhart region.... Read More
Fort Wayne-based Steel Dynamics Inc. (Nasdaq: STLD) is looking to add 200 employees in northeast Indiana. The company says the additions will support ongoing growth in the region.... Read More
Elkhart-based LCI Industries (NYSE: LCII) is reporting record full-year net income of $288 million in 2021, up from $129 million the previous year. Chief Executive Officer Jason Lippert said, despite challenges involving labor, freight and supply chains, the company delivered record revenues of $4.5 billion in 2021.... Read More
The Ports of Indiana has a new cargo terminal operator for its Jeffersonville Port. Indiana Cargo Crossroads, a partnership between the Ports of Indiana and Superior River Terminals Indiana, will provide stevedoring and distribution services.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) says it has agreed to purchase the remaining share of its joint venture with Westport Fuel Systems Inc. (Nasdaq: WPRT) in Canada. The joint venture, which ended on December 31, was created for the development of natural gas engines.... Read More
The global semiconductor shortage is forcing Ford's (NYSE: F) Chicago Assembly Plant to be idled this week. Our partners at The Times of Northwest Indiana report thousands of auto workers, including many from northwest Indiana, will be temporarily out of work, beginning today.... Read More
A Goshen-based manufacturer of modern stairs and railing has detailed plans for an inflation protection plan for employees. Viewrail says it will review inflation rates each quarter and increase wages to match inflation.... Read More
