INSIDE INDIANA BUSINESS:

2014-02-24T12:12:00Z 2014-02-24T17:29:11Z INSIDE INDIANA BUSINESS:Gerry Dick Inside Indiana Business nwitimes.com
February 24, 2014 12:12 pm  • 

Deal to Lift Elanco Globally, Statewide

The president of Elanco says an agreement to acquire a European manufacturer will help the Greenfield-based company establish a leading global presence in poultry health. Jeff Simmons says Germany-based Lohmann Animal Health also has operations in Asia and Latin America and will be Elanco's eighth acquisition in six years. He says the deal will benefit the headquarters in Hancock County as well as facilities in Terre Haute, Fort Wayne and Clinton.

Jayco Acquires LaGrange County Company

Middlebury-based Jayco Corp. has entered into a letter of intent to acquire Open Range RV Co. in Shipshewana. Randy Graber will remain president of Open Range, which will operate as a separate, wholly-owned subsidiary.

Lafayette Hospital Named Trauma Center

Indiana University Health Arnett Hospital in Lafayette has been named an "in-process" level III trauma center. Medical Director of Trauma Services Ruban Nirmalan says the designation will save crucial treatment time because the next closest trauma centers are in Indianapolis and Chicago.

Former State Representative Denbo Dies

The former state representative who spearheaded the French Link casino project has died. The Times-Mail in Bedford reports Jerry Denbo died this morning in his sleep.

IPS, Indy Chamber Announce Review Results

An in-depth analysis of operations at Indianapolis Public Schools recommends a review of employee benefits packages and the possible creation of multi-use facilities throughout the district. IPS partnered with the Indy Chamber to conduct the eight-month analysis.

One Southern Indiana Completes Landmark Deal

One Southern Indiana says it has completed its 100th economic development project. New Albany-based PTG Silicones Inc. has announced plans to invest nearly $2 million into an expansion and hire a small number of new workers.

Organization to Close Summer Camp

A Muncie-based nonprofit says it is shutting down a camp that has served children with disabilities for 60 years. The Star Press reports Hillcroft Services Inc. can no longer afford to operate Camp Isanogel.

Rolls-Royce Announces Another Military Deal

Rolls-Royce plc in Indianapolis has announced a $90 million contract with the U.S. Marine Corps. The deal, which is a modification of a previous agreement, involves engine production for MV-22 aircraft.

IU Announces Collaboration in Myanmar

Indiana University Kelley School of Business has secured a $1 million grant to boost an agreement with an institution in southeast Asia. The funding from the U.S. Agency for International Development will benefit a collaboration with the Yangon Institute of Economics involving business development in Myanmar.

Endocyte Loss Widens

West Lafayette-based Endocyte Inc. is reporting a fourth quarter net loss of $2.9 million, compared to an $800,000 loss during the same period the previous year. The company says the results are partially due to increased research, development and administrative expenses.

For more Inside Indiana Business, visit www.insideindianabusiness.com.

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