Business Briefs: Disney, Pacific Energy Partners, HCC Industries, AECOM

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– Walt Disney Co.

agreed to supply digital movies from Walt Disney Pictures and Touchstone Pictures to a venture of Access Integrated Technologies Inc and Christie Digital Systems, becoming the first major studio to back the companies’ effort to install digital systems in theaters. Access Integrated will install 2,500 to 4,000 digital projection systems in the U.S. and Canada over the next two years, the companies said t in a statement. The agreement between Burbank-based Disney and Access Integrated is non-exclusive. One month ago, Digital Cinema Initiatives LLC, a joint venture of Disney and other major studios, issued the final technical specification for theatrical digital equipment.


Also, Disney said that its ESPN sports network has announced plans to develop a 120,000-square-foot regional headquarters with television and radio studios, production facilities and a sports-themed dining-and-entertainment center in Los Angeles. The building, which is scheduled to open in 2009, is part of developer AEG’s $4.2 billion sports-and-entertainment district called L.A. Live being planned for downtown.



– Pacific Energy Partners L.P.

and its wholly owned subsidiary Pacific Energy Finance Corp. jointly sold $175 million of 10-year senior notes. The offering is expected to close on Sept. 23. The Long Beach-based company said the net proceeds from the offering will be used to fund a portion of the acquisition of terminal and pipeline assets from Valero L.P.





Ametek Inc. agreed to acquire

HCC Industries

, a privately held Rosemead-based maker of aerospace components, for $162 million in cash from an investor group led by Windward Capital Partners and management. Ametek said it will integrate HCC Industries into its electromechanical group, which makes electric motors and blowers for many industries. The transaction is expected to close in the fourth quarter. Paoli, Pa.-based Ametek said HCC has annual sales of about $104 million.



– AECOM

named John M. Dionisio its chief executive officer and president, effective Oct. 1. The positions were previously held by Richard G. Newman and Raymond A. Holdsworth, respectively. The L.A.-based global design and management company said Newman will remain as chairman and Holdsworth has been named vice chairman -corporate development. Also, Jim Royer was appointed chief operating officer, succeeding Dionisio in that role.

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