MANUFACTURING
Ports Agree to Cooperate
LA, Long Beach seek efficiency and security
Threatened by a common adversary, the ports of L.A. and Long Beach have vowed to collaborate on several operational initiatives to preserve San Pedro Bay’s competitive edge.
Defense Firm Is Acquired
Kellstrom joins Aero Precision
El Segundo-based Kellstrom Defense Aerospace Inc. has been sold to a Northern California-based competitor but will keep its ties to Los Angeles County.
Xos Marks the Spot
Regulations boost electric truck-maker
Upcoming regulations for the trucking and transport industry is working in North Hollywood-based Xos Trucks Inc.'s favor.
CUSTOM CONTENT: Jewelry That Loves You Back, MaeMae in Atwater Village
Retail Therapy Takes on a New Meaning at LA’s Favorite Gift Shop
MaeMae Jewelry, a female-founded Los-Angeles company, was created with that simple mission at heart, helping people love and accept themselves — and their feelings.
Logistics Firm Snapped Up
Maersk pays $545 Million for Performance Team
Performance Team of El Segundo has been acquired for $545 million by Danish shipping giant A.P. Møller – Maersk.
Trade War Reshapes CIE
Truck parts maker staffs up in US
Frank Sonzala, chief executive of a South Gate-based truck chassis manufacturer, is transferring about a third of his company’s production from China to the United States, a move he says will create about 275 local jobs.
Fertile Ground for Tractor
Motivo machine brings green farming
Motivo Engineering’s new electric-powered Monarch tractor performs farming functions quietly, with no human operator and without any trace of pollution.
Ports Report January Declines
Cargo volume slips again at LA and Long Beach
The local ports reported single-digit dips in cargo volumes for January with one notable exception: Port of Los Angeles exports saw a modest upswing.
Growth Spurt at OSI Systems
Security, optoelectronic units drive gains
OSI Systems Inc., a manufacturer of security scanning equipment, medical monitoring devices and optoelectronic components, posted $64.8 million in net income on $1.18 billion revenue during its 2019 fiscal year.
Ares Partners on Projects
Firm plans NY battery effort
Century City alternative asset management firm Ares Management Corp. has agreed to partner with Atlanta-based Dimension Renewable Energy to further develop large-scale battery energy storage projects in New York state.
Tetra Tech Gets Government Boost
Firm benefits from stable federal budget process
Sometimes one of the biggest things executives pray for is a lack of drama in their businesses. That's what Tetra Tech is experiencing now with the federal government.
Waterfront Project Gets Underway
Port of Los Angeles initiative launches after years of delays
After years of delays, officials for the Port of Los Angeles last week kicked off a $33 million project that aims to connect San Pedro’s Downtown Harbor to the future San Pedro Public Market development.
Ports Finished 2019 on Down Note
Tariffs take a toll as traffic falls from 2018 level
The trade war took a toll last year on the ports of Los Angeles and Long Beach, which saw cargo volume dip below the record levels reached in 2018.
Skechers Looks Abroad After Loan
$500 million will go toward international distribution centers
Skechers USA Inc. recently upped its short-term borrowing capabilities with a $500 million unsecured loan.
FabFitFun Hires CMO
Former Netflix exec will be first marketing head
FabFitFun Inc. has hired its first chief marketing officer, former Netflix Inc. executive Louisa Wee.