Landmark merger for Nix Industrial and Huncilman in Indiana

NEW ALBANY, Ind. (WEHT) – Statistics show that a business will last 24 years. But for Nix Industrial and Huncilman, they’re defying the odds with the announcement of a landmark merger of a 5th and 4th generational business.

With state government officials in attendance, Nix and Huncilman make it official.

Indiana Secretary of State, Diego Morales, complimented the historic action.

“This merger highlights that the dedication of Hoosiers in past years and for many years to come,” says Morales. “As your Secretary of State, business services is one of the divisions in my office. We work hard to make sure that all businesses large or small can start and thrive right here in the Hoosier state.”

Matthew Nix says this is the perfect fit, reflecting on the responsibility to continue to positively impacting the town of Poseyville and beyond as the largest employer of the town.

“It’s a great honor to be able to reach out outside of our community and grow our business,” says Nix. “Because you know that’s the way you really impact the community is to be able to bring outside economics into that community.”

The merger brought together two family generational businesses, sharing the same values and interests.

Gordon Huncilman says the decision aligns with both, adding that this generational business is not a birthright.

“When a family member comes in, especially with the same last name, there’s this tendency for people to look and say well you know here’s the new princess or prince and my father is going to make sure that everybody understood that I was on an equal footing until I earned my place,” says Huncilman.

Nix Industrial will act as the parent company to Huncilman.

The merger will keep all of Huncilman’s leadership the same.

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