MANUFACTURING

Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

Hyundai Gets Smart With On-Demand Service

Allows Providers To Remotely Access VehiclesHyundai Motor America Inc. in Fountain Valley and Silicon Valley-based Smartcar Inc. will launch a pilot program early next year in Southern California to provide Hyundai car owners with on-demand services from various businesses, including mobile car washes, and grocery and fuel deliverers.

CoolSys Hires New CFO, COO

CoolSys, a newly rebranded refrigeration company based in Brea, named Andy Mandell chief financial officer and Amy Freeman chief operating officer.

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Karma Names CEO

Irvine-based Karma Automotive LLC tapped Liang Zhou to replace Thomas Corcoran as chief executive of the luxury carmaker.

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Samueli a Fellow of National Group

Henry Samueli has been named a fellow of the National Academy of Inventors for 2017.

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Toshiba, Western Dig Reach Deal

Toshiba Corp., its memory unit and San Jose-based Western Digital Corp. have struck an agreement to resolve several legal and arbitration disputes that stalled the $18 billion proposed sale of Toshiba Memory Co.’s flash storage business.

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Broadcom Beats and Boosts

Singapore-based Broadcom Ltd., which operates a major hub in Irvine, closed the books on its fiscal year with sizeable gains in revenue and net income.

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Edwards Pays $100M for Mitral Device Maker

Edwards Lifesciences Corp. in Irvine bought Harpoon Medical Inc. in Baltimore on Dec. 1 for $100 million; milestone payments over the next decade could bring the total price to $250 million.

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TTM in $775M Deal for NY Manufacturer

TTM Technologies Inc. has agreed to pay $775 million to affiliates of New York private equity firm Veritas Capital for East Syracuse-based Anaren Inc.

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'Grey Friday': Nov. Sales Mixed for OC Carmakers

OC-based automakers saw mixed sales results in November and year-to-date.

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RSI Sells for $1.075 Billion

RSI Home Products Inc., an Anaheim manufacturer started by Ron Simon, is selling itself in a deal worth $1.075 billion to American Woodmark Corp. (Nasdaq: AMWD).

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Boardriders Wants to Buy Billabong

Huntington Beach-based Boardriders Inc. offered to buy the shares of Billabong International Ltd. (ASX: BBG) it doesn’t yet own for $1 apiece, in a deal that values Billabong at about $150 million.

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Avanir Restructures, Will Cut 11% of US Workforce

Avanir Pharmaceuticals Inc. will lay off 73 employees by the end of January from its US work force as part of a restructuring. We’re told the majority will be outside of its Aliso Viejo headquarters.

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Hyundai Bows Kona

Fountain Valley-based Hyundai Motor America Inc. today unveiled its small utility vehicle at the Los Angeles Auto Show.

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Kush Bottles Rises on Report

Shares of Kush Bottles Inc. (OTC: KSHB) rose 6.3% to $2.97 today after the Santa Ana-based supplier of cannabis paraphernalia reported annual and quarterly revenue that topped an analyst’s forecast.

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RxSight Gets FDA OK

RxSight Inc. received Food and Drug Administration approval for its Light Adjustable Lens technology.

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Device Maker Raises $2.9M

Irvine-based Modulated Imaging Inc. said today it closed a Series A funding round of about $2.9 million.

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