MANUFACTURING

Recent and archived news stories on: Manufacturing, agribusiness, chemicals, electronics, energy, fabrication, plastics, textiles, international trade, shipping, logistics

Southern Counties Express Acquired for $65 Million

Compton-based logistics company, Southern Counties Express Inc., was acquired for $65 million in cash by competitor Universal Logistics Holdings Inc., the companies announced Aug. 10.

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Long Beach City College and Port to Offer Supply Chain Training

The Port of Long Beach and Long Beach City College have partnered up to launch a new training program to prepare students for jobs in the global logistics and supply chain industry.

Reliance Steel Acquires Two Metal Fabrication Companies

Downtown-based Reliance Steel & Aluminum Co. announced Aug. 1 the acquisition of sheet metal fabrication companies, KMS Fab and KMS South Inc. Terms of the deal were undisclosed.

Dole Food Sells 45 Percent Stake for $300M

Dole Food Co. finalized its merger with European fresh produce distributor Total Produce Tuesday in a $300 million deal that gives Total Produce a 45 percent stake in the Westlake Village company from owner David Murdock.

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OSI Gets $140 Million U.S. Customs Contract

Hawthorne-based OSI Systems Inc. signed a new five-year contract with United States Customs and Border Protection valued at up to $140 million, the company announced June 26.

State Approves Revised Settlement Over Shutdown Costs for Nuclear Plant

State regulators on July 26 approved a revised settlement over shutdown costs for the former San Onofre nuclear power plant that pushes more of the $5.5 billion tab onto shareholders of majority parent Edison International.

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L.A. Biomass Energy Firm Signs Japanese Deal During Mayor’s Asia Trade Mission

Arensis, a downtown Los Angeles-based biomass to energy system provider, and Japanese biomass energy pellet producer Green Mark Energy Co., have signed an agreement for a 2-megawatt energy project in Japan.

Mattel Plans to Cut 2,200 Jobs

Amidst revenue loss for a fourth straight quarter, El Segundo-based Mattel Inc. plans to cut 2,200 of its workforce, the company announced in its second-quarter earnings released July 25.

June Cargo Volume Up for Long Beach, Down for LA

Cargo movement at the Port of Long Beach set a new record for the month of June while neighboring Port of Los Angeles saw a slight decrease in volume.

Differential Brands Sign Licensing Deal for Robert Graham Brand

Commerce-based Differential Brands Group Inc. which designs, develops and licenses apparel products, announced July 10 that its Robert Graham brand signed a licensing agreement with Peerless Clothing International Inc.

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Differential Brands to Acquire Majority Stake in H.K. Competitor for $1.3B

Commerce-based Differential Brands Group announced June 27 that it had agreed to acquire a majority stake in Hong Kong’s Global Brands Group Holding for $1.3 billion. Both companies are designers, developers and licensors of apparel products.

Cosco Shipping to Put Long Beach Terminal in U.S. Trust

China-based Cosco Shipping Holdings Co. is considering putting a container terminal at the Port of Long Beach in a U.S.-run trust in response to concerns raised by federal regulators regarding the shipping company’s pending ownership of the facility, according to the Wall Street Journal.

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Jaanuu Launches Scrubs Collection for Men

Jaanuu Inc., makers of scrubs for medical professionals made a foray into men’s medical clothing by launching two new collections, the company announced June 20.

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Long Beach Port Cargo Volume Up, LA Port Volume Down

It was a tale of two ports in May as cargo volume at the Port of Long Beach hit a record high while at the Port of Los Angeles, volume dipped 3 percent from last year’s record high, according to announcements from both ports.

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Study Ranks Wonderful Co. as Top Growth Leader in Produce, Consumer Packaged Goods

Los Angeles-based Wonderful Company was named the no. 1 growth leader in produce and no. 1 in consumer packaged goods last year, according to a study released June 14 by the Boston Consulting Group and market research firm IRI.

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