MANUFACTURING
Mattel Names Campbell Soup Veteran DiSilvestro as CFO
Hiring follows investigation into accounting practices
El Segundo-based toy maker Mattel Inc. has brought on two new executives for key positions.
Heavy Duties
Gene Seroka guides the Port of LA — and the city’s PPE supply efforts
Gene Seroka, the executive director of the Port of Los Angeles, picked up additional duties in March when Los Angeles Mayor Eric Garcetti named him the city’s chief logistics officer.
Aerojet’s Drake Joins National Space Council
Aerojet Rocketdyne Chief Executive Eileen Drake is appointed to a National Space Council advisory group.
Long Beach Gains as LA Struggles
San Pedro Bay ports report mixed results in May amid ongoing pandemic
If you ask folks at the Port of Long Beach, things are looking up. The Port of Los Angeles, meanwhile, reported a 29.8% year-over-year decrease.
Hightimes Strikes Series of Deals
Cannabis company expands with acquisitions, licensing
Venice-based Hightimes Holding Corp. has been busy of late, expanding its dispensary footprint and venturing into licensing with two deals.
Career Technologies Is Acquired
Competitor Fralock picks up electronic components maker
Electronic components manufacturer Circuit Services, which does business as Career Technologies USA, has been acquired by a local competitor.
Riot Plans Investments to Back Minority Efforts
Company sets $10 million in contributions to support publishing companies with leadership that is underrepresented in the gaming community.
TrueCar Lays Off 30% of Staff
The job cuts were made in anticipation of the termination of TrueCar’s partnership with USAA Federal Savings Bank.
Faraday Bankruptcy Plan Approved
Court ruling clears path for production of vehicles
Faraday & Future Inc.’s founder and former chief executive caught a break from the U.S. Bankruptcy Court for the Central District of California in Los Angeles.
Settlement for Honda
Carmaker to pay state $2 Million over engine emissions
American Honda Motor Co. Inc. reached a $1.9 million settlement with the California Air Resources Board for clean-air violations related to small engines used to power lawnmowers and other garden equipment.
USDA Gives Lift to Don Lee Farms
Agency's food program connects suppliers, needy
Goodman Food Products Inc., doing business as Don Lee Farms, is among a handful of Los Angeles County firms that won contracts with the U.S. Department of Agriculture to provide food boxes to nonprofits serving the needy.
Alleyoop Right on Time
Cosmetics startup connects with consumers
Leila Kashani did not have the Covid-19 shutdown in mind when she founded Alleyoop Inc.
A ‘Better Than Expected’ April for Ports of LA, LB
But lower volumes are projected in second quarter
Terminal operators and dockworkers at the Port of Long Beach moved 519,730 twenty-foot equivalent units (TEUs) of cargo last month, a 17.3% decline compared to April 2019.
Alameda Pipe Is Acquired by JD Fields
Gardena steel products maker will retain name
Gardena-based Alameda Pipe & Steel Co. has a new owner.
OSI Systems Sees Gains for 2020
Positive outlook for medical monitoring device maker
While most local manufacturers are refraining from providing revenue guidance during the Covid-19 pandemic, Hawthorne-based OSI Systems Inc. is pleased with the outlook for 2020.