Diamond Foods Inc. and Procter & Gamble Co. have called off their $1.5 billion deal for Diamond to buy the Pringles brand. Cereal maker Kellogg Co. is swooping and made a $2.7 billion deal to purchase the brand.A manufacturer of utility trailers will retool a production plant in North Manchester that will employ 85 by 2013, Gov. Mitch Daniels and the company, Novae Corp., announced Wednesday.
Markle-based Novae is spending $3.4 million to buy and remodel an 88,000-square-foot plant at 11870 N. Wabash County Road 650 East from Dexter Axle Co., which announced in December 2008 that it was closing the facility.
Privately held Novae employs more than 150 people making trailers, lawn and garden equipment, tool storage systems and agricultural and industrial equipment at plants in Markle and Columbia City.
Novae chose the North Manchester plant over competing sites in Pennsylvania and North Carolina, the Indiana Economic Development Corp. said in a statement.
For more on this story, see Thursday’s print editions of The Journal Gazette or visit www.journalgazette.net after 3 a.m. Thursday.
See for yourself
To read the announcement verbatim, check out The Scoop:
http://www.journalgazette.net/article/20100317/BLOGS01/100319583
