Sunday, January 10, 2021 4:00 AM Businesses commit to creating 31,300 new jobs, setting a new annual record for economic development with average salaries topping $58,000. Indiana continues to attract new investment, with 46% of new jobs committed coming from Hoosier startups and U.S. and international companies launching operations in the state Expansion plans detail growth in key sectors, including manufacturing, life sciences, technology and aerospace and defense Small businesses and venture development support remain critical tools, helping launch 333 new businesses, secure $365.6 million in government contracts, and bolster 109 companies business plans to start and scale.
Indiana Gov. Eric Holcomb announced the end of a fourth consecutive, record-breaking year for economic development in Indiana, with the Indiana Economic Development Corporation (IEDC) securing 282 commitments from companies to locate or grow in the state. Together, these
Year in Review: Eaton deal to sell hydraulics unit highlights M&A activity
Rubber & Plastics News Staff
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Ryco Hydraulics CEO Leigh Morrison (left) and Manuli Rubber Industries CEO Dardanio Manuli say their companies share a similar, family-run business philosophy.
NORBORG, Denmark For Eaton Corp., a deal to divest the company s hydraulics business is being viewed as transformational.
For Danfoss A/S, the deal to acquire Eaton s hydraulics business also is being viewed as transformational, but in a different way.
Eaton s move to sell off the hydraulics business is part of that company s push to focus on business segments that have better earnings consistency.