INDIANAPOLIS — Elanco is moving forward with a $200 million plan to build its new headquarters in Indianapolis.

On Monday, Aug. 25, Indiana Gov. Mike Braun announced the state had sold the old GM Stamping Plant on the southwest side of Indy to Elanco for $27 million.

Elanco, a former subsidiary of Eli Lilly and Company , specializes in veterinary medicine. In 2020, the company announced its plan to build a new headquarters at the GM site, with help from the state and the city of Indianapolis.

"This is about partnership and progress," Elanco CEO Jeff Simmons said in a joint statement. "The State’s willingness to work with us – not as a landowner but as a partner – makes this possible. Securing this property now gives us the certainty we need to integrate it into our headquarters campus a

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