$31 Million in Fake Perfume Seized at the Ports

The U.S. Customs and Border Protection announced on Feb. 13 that the agency had seized 475,056 bottles of perfume with fake trademarks at the Los Angeles and Long Beach port complexes.

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Packaging Manufacturer Fleetwood-Fibre Acquired

City of Industry packaging producer Fleetwood-Fibre Packaging & Graphics was acquired by Golden West Packaging Group, the companies announced Feb. 12. Terms of the deal were not disclosed.

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L.A.’s OpenGate Capital to Acquire Jøtul Group

Los Angeles private equity firm OpenGate Capital has agreed to acquire Jøtul Group, a Norway-based manufacturer of stoves and fireplaces, from Ratos AB, according to OpenGate.

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Ares Management, CRC Team Up for Power Plant Joint Venture

California Resources Corp. has entered into a joint venture with a portfolio company of Los Angeles-based investment firm Ares Management to own the Elk Hills power plant near Bakersfield.

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Platinum Equity Acquires WS Packaging Group

Beverly Hills private equity firm Platinum Equity announced it has acquired packaging and labeling company WS Packing Group of Green Bay, Wis. from J.W. Childs Associates.

UPDATE: Bankrupt Breitburn Energy Partners Rejects $1.8B Offer

Breitburn Energy Partners has rejected a $1.8 billion cash offer from a Houston energy fund.

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Beyond Meat Expands Research Facility

Beyond Meat, a producer of plant-based meat substitute products, is expanding operations at its El Segundo headquarters, the company announced.

Dole to Merge With European Distributor Total Produce

Dole Food Co. is set to merge with European fresh produce distributor Total Produce following a $300 million deal that will see Total Produce buy a 45 percent stake in the Westlake Village company from owner David H. Murdock.

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Mattel Posts Quarterly Loss and Dismal Fiscal Year Results

Mattel Inc. continued its streak of poor financials posting fourth quarter net loss and declining earnings for fiscal year 2017.

Sanrio Inc. Names New Chief Operating Officer

Sanrio Inc. promoted Craig Takiguchi to chief operating officer.

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C.R. Laurence Expands Manufacturing Space in Vernon

Vernon-based glass industry supplier C.R. Laurence Co. Inc. is adding 120,000 square feet to its corporate headquarters.

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El Segundo Beverage Incubator L.A. Libations Strikes Deal With O.C. Coffee Company

El Segundo-based beverage incubator L.A. Libations has formed a strategic partnership with San Clemente-based KonaRed Corp. to expand KonaRed's line of cold brew coffee and other products.

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Santa Monica Toy Maker Jakks Receives Takeover Offer from HK Company

Toymaker Jakks Pacific Inc. announced on Jan. 26 that it had received a takeover offer from Hong Kong-based Meisheng Cultural Co.

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San Pedro Ports Set 2017 Cargo Records

At its annual ‘State of the Port” address on Jan. 24, the Port of Long Beach celebrated its record-breaking year set in 2017 after a not so great 2016 which saw the bankruptcy of it largest terminal tenant, South Korea’s Hanjin Shipping.

Port of Long Beach Approves On-dock Rail Facility

The Port of Long Beach’s Harbor Commission approved plans for a new on-dock rail facility to be built at the complex’s Pier B terminal.

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