Reporter (Manufacturing and Trade)
Private equity firm Highview Capital’s first portfolio company, American Plastics, has acquired two Ohio-based manufacturing companies, the company announced on April 18. Terms of the deal were undisclosed.
U.S. regulators have reportedly raised concerns about China-based Cosco Shipping taking control of a container terminal at the Port of Long Beach as part of its $6.3 billion acquisition of another shipping line, the Wall Street Journal reported on April 20.
The L.A. Board of Airport Commissioners approved a $23.7 million purchase of new 60-foot electric buses that will be used to transport passengers between terminals on the airfield.
Peatos gets shelf space at 1,700 locations; deal with Safeway expected
Healthy snack maker Snack It Forward lands deal with Kroger.
More charging stations, car-sharing programs on tap
EVgo positions its electric car charging business to meet L.A. demand, strikes deal with GM
TRADE: Macquarie commits to longer view
The proposed $130M staging facility at the Port of L.A. could ease container traffic congestion.
Toymaker Mattel Inc. announced April 19 that its chief executive officer, Margo Georgiadis, is leaving the company to take up the top executive position at Ancestry, a consumer genomics company.
PierPass Inc., a not-for-profit organization created by terminal operators at the Port of Los Angeles and Port of Long Beach, is replacing its pricing model and implementing an appointment-based system for container pickups, the entity announced on April 16.
The number of cargo containers moved in the first quarter of 2018 was similar at the Port of Los Angeles and the Port of Long Beach but compared to the same period last year, one port set a record while the other saw a decline.
Westwood-based Provenance, a private equity firm, closed a “significant minority investment” in menswear brand Knot Standard, the companies announced April 9. Terms of the deal were not disclosed.