The federal government shutdown has prompted Todd Schwartz, a State Department official, to cancel his appearance Thursday as keynote speaker at the University of Saint Francis CEO Forum.
Don Schenkel, the retired founding chairman and CEO of Tower Bank, will step into the keynote role. Schenkel, now a consultant to Saint Francis, was vice president for university relations until this past summer.
The retired banking executive will share his expert perspective on globalizations effect on business. Schenkel is chairman of Wayne Pipe and Supplys board and a board member for Golden Heritage Foods.
In the nonprofit arena, Schenkel is on the boards of PHP and Lutheran Health Network. Hes also a past chairman of the Greater Fort Wayne Chamber of Commerce board. In 2000, Schenkel was named a Sagamore of the Wabash. The award recognizes Hoosiers who complete distinguished statewide service.
API Alliance expands, plans to add 10 jobs
API Alliance Inc., 14220 Plank St., has expanded its operations by 4,000 square feet and looks to hire 10 employees, including engineers and management personnel, in the coming year.
API is a contract manufacturer of electronic controls and electromechanical assemblies and provides engineering services including electrical, mechanical and software.
The firm made the announcement Tuesday, and touted its 20th anniversary in 2014. The business now spans 16,000 square feet and has 32 employees. Officials would not provide financial details about the expansion.
Bathroom fixture firm to reopen state plant
A company plans to spend about $15 million to buy and prepare a vacant factory in central Indiana to start making bathroom fixtures.
Officials of Patriot Porcelain say they expect to start production next summer at the former Kokomo Sanitary Pottery factory, potentially hiring up to 140 workers over the next two years. That factory in Kokomo closed in 2007.
Patriot Porcelain executive Jeff Van Weelden told the Kokomo Tribune the company has contracts to provide fixtures such as toilets and sinks to Gerber Plumbing Fixtures and Niagara Conservation for sale in several major retail outlets.
Van Weelden said the company could look to expand the factory because it has three long-term contracts that will require the plants full capacity.
Cooper Tire faces Apollo counterclaim
Apollo Tyres Ltd. has filed a counterclaim against Cooper Tire & Rubber Co., saying Cooper has not provided the information necessary to close their merger.
The counterclaim, which Apollo said was filed Monday, is the latest move in a monthslong battle between the two companies. Apollo is asking for a judgment that Cooper hasnt provided documents and met other requirements for a merger.
Apollo Tyres, based in India, announced in June it was buying Cooper for $35 a share, or about $2.2 billion. The deal was approved by boards of both companies and later by Cooper shareholders, but it has been delayed by talks with the United Steelworkers union, which represents Cooper workers in Findlay, Ohio, and Texarkana, Ark.
The deal would create the seventh-largest tire company in the world.