LA MANUFACTURING

Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

Lion Capital Acquires Stake in Premium Denim Maker Paige

Santa Monica private equity firm Lion Capital has acquired an undisclosed stake in Compton premium denim maker Paige, according to West L.A.’s Sage Investment Banking, which advised Paige on the transaction.

Apparel Manufacturer Topson Signs $30M Warehouse Lease

Apparel manufacturer Topson Downs of California Inc. has leased a newly constructed 442,920-square-foot warehouse facility in Chino from Watson Land Co.

Report: SpaceX’s $350 Million Round Part of Mega-Round Trend

The $350 million investment round received by Space Exploration Technologies Corp. in July ranked as the fourth-largest financing round in the United States in the third financial quarter, a new report says.

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Breitburn Bankruptcy Exit Plan Could Split Company in Two

Breitburn Energy Partners laid out its bankruptcy exit plan Thursday in a Manhattan courtroom, calling for the oil exploration partnership to split into two companies.

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Container Volumes Rise at Ports of Long Beach, Los Angeles

The Port of Long Beach recorded its best September yet in cargo container movement, while the neighboring Port of Los Angeles saw a slight uptick last month, officials announced this week. Part of the reason for Long Beach’s 28.3 percent rise in container volume year-to-year was its recovery from South Korea-based Hanjin Shipping Co.’s bankruptcy filing in August 2016, said port spokesman Lee Peterson.

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Ritter Pharma Raises $23 million to Test Lactose Intolerance Treatment

Ritter Pharmaceuticals Inc., a Century City biotech company that develops therapies for gastrointestinal diseases, raised $23 million to fund a Phase 3 clinical trial for its lactose intolerance treatment.

Jakks Pacific Scores ‘Incredibles’ Licensing Deal with Disney

Santa Monica-based Jakks Pacific Inc. has secured a multiyear licensing deal with Walt Disney Co. to manufacture toys for “The Incredibles” animated movies franchise, the company announced Wednesday.

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Cases for Growth

Pelican Products boxes up new business with acquisitions.

Case maker Pelican Products has locked up acquisitions to feed its growth drive.

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Apparel Manufacturers Fined for Labor Violations

Fourteen garment manufacturers in Los Angeles were cited for labor law and garment registration violations, the California Labor Commissioner’s office announced on Thursday.

Port Truck Battle Drives Off Costco

Costco steps into the driver classification fight at the ports, ending its relationship with a trucking firm.

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Wonderful Co. Acquires Pomegranate Grower and Distributor Ruby Fresh

West L.A.-based food and beverage outfit Wonderful Co. acquired Firebaugh-based pomegranate grower and distributor Ruby Fresh Inc. for an undisclosed sum, Wonderful announced Tuesday.

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Port of Los Angeles Extends Local Hiring Agreement

The Port of L.A.’s Board of Harbor Commissioners has approved a 10-year extension on a labor agreement that seeks to continue hiring workers from the harbor area and from high-unemployment communities in the city.

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X Prize Marks $30 Million Spot on Moon

AEROSPACE: Competition launched private-sector push.

X Prize Foundation contest asks participants to get rolling on a robotic moon rover.

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Small Manufacturers Draw Large Interest

MANUFACTURING: Sector proves fertile in L.A. County.

Despite the sector’s struggles, deals are being put together for small companies.

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Quest Nutrition to Close L.A. Manufacturing Sites, Lay Off 524 Workers

Protein bars maker Quest Nutrition has filed a WARN notice signaling it plans to close two L.A. manufacturing facilities and lay off 524 employees.

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