Lilly finds buyer for Tippecanoe Labs; jobs, Shadeland saved

By Max Showalter, Journal & Courier

mshowalter@jconline.com

In a decision that is drawing rave reviews, a company headquartered in Essen, Germany, will soon be the new owner of Eli Lilly and Co.'s Tippecanoe Laboratories.

Evonik Industries AG has agreed to purchase the entire pharmaceutical manufacturing site in Shadeland -- saving the jobs of workers at the plant and easing fears of what might have happened if the sprawling facility had closed.