MANUFACTURING

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

Ares Management Sells Pet Care Firm, Funds Energy Venture

Century City-based Ares Management Corp. was involved in separate deals this week, selling one of the largest veterinary and pet care services organizations in the world and providing $165 million in capital for a joint venture drilling for natural gas and oil in western Texas.

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Angeles Equity Acquires Lighting Manufacturer

Santa Monica-based private equity firm Angeles Equity Partners said its portfolio company ERP Power purchased lighting components manufacturer Lumenetix Inc.

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Resale Readies for its Closeup

RETAIL: Secondhand luxury market set to double

Fashionphile has the vintage reselling industry in the bag.

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Toymaker MGA Proposes Merger with Rival Mattel

Chatsworth toy manufacturer MGA Entertainment Inc. made a bid last month to merge with rival toy company Mattel Inc., in El Segundo, which rejected the offer.

Beyond Meat Q1 Performance Beats Analyst Expectations

Shares for El Segundo-based Beyond Meat Inc. soared more than 15% in afterhours trading after the company beat analysts’ expectations.

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Barbie maker Mattel will produce Hello Kitty toys

Mattel, the maker of Barbie and Hot Wheels, said Tuesday it will begin producing Hello Kitty & Friends under a licensing agreement with Japan’s Sanrio Inc, immediately boosting its share price.

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Risks Surround Revolve IPO

RETAIL: Ecommerce fashion brand could face challenges

Revolve hopes to gain followers on Wall Street.

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SpaceX Fundraising Spree Tops $1B

Space X has raised over $1 billion in the last six months as it seeks to bolster its plans to build a network of satellites in space, new filings show.

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Romeo Power Raises $88M

Electric vehicle battery maker Romeo Systems Inc., also known as Romeo Power Technology, raised $88 million in a funding round, according to a May 20 filing with the Securities and Exchange Commission.

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Footwear Brands Say Shoe Tariff Would be ‘Catastrophic’ to Business

A proposed 25% tariff on shoes made in China would be “catastrophic” for the industry and consumers, Los Angeles-based shoe companies Skechers, K-Swiss and L.A. Gear Inc. and dozens of other footwear brands and retailers warned President Donald Trump in a May 20 letter.

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Katherine Blair Named First Woman to Skechers Board

Skechers USA Inc. appointed corporate attorney Katherine Blair to its board of directors, becoming the footwear company’s first female board member.

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West Lane Capital Partners Takes Majority Share in Cosmetics Outfit

West Lane Capital Partners, a Sawtelle-headquartered private equity company, said May 13 that it has taken a majority stake in Fantasy Files Group, a San Fernando-headquartered cosmetics company.

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Imports Flat at Ports of LA, Long Beach as Trade War Continues

Imports into the nation’s largest two ports were near flat during April compared to the previous year as exports from China declined amid an ongoing trade war.

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Commerce Lighting Company Luminance Brands Acquires St. Louis Fan Business

Commerce-based lighting designer and distributor Luminance Brands announced May 7 it acquired Emerson Air Comfort Products from St. Louis-based Emerson Electric Co. for an undisclosed amount.

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SoCal Gas Fined $8M by State Regulators for Alleged Billing Violations

Southern California Gas Co. has been hit with an $8 million fine from state regulators for alleged billing violations.

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