Orange County Business Journal

MANUFACTURING

Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...
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Startup Raises $5M, Enters VR Deal

A Laguna Beach startup that specializes in virtual reality content has raised $5 million from private investors and entered a partnership with Oculus VR Inc. and Samsung in one of the latest developments to hit technology’s hottest emerging consumer segment.

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Microsemi Makes Small Buy

Aliso Viejo-based Microsemi Corp. announced an agreement today to purchase a Santa Rosa chipmaker and also revealed plans to repurchase up to $100 million of its common stock.

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Wozniak to Speak at NAMM

Apple Computers co-founder Steve Wozniak will speak at the National Association of Music Merchants show in Anaheim in January, the association said.

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OC Auto Brands Post Strong August Sales

Orange County-based auto brands met or exceeded national new vehicles sales figures in August.

Urban Decay’s Metro Moves

NB, London Flagships for $200M Brand

Wende Zommir worked her way up from an Elizabeth Arden makeup counter in Texas to cofounding Urban Decay Cosmetics LLC, L’Oréal SA luxury division’s No. 2 brand—second in sales growth only to Lancôme.

Kaiser Aluminum Beefs Up as Automakers Lose Weight

MANUFACTURING: Shares near all-time high despite soft aerospace

Shares of Kaiser Aluminum Corp. are nearing their prerecession heyday, thanks in part to small-but-growing sales in the automotive sector that have helped the Foothill Ranch-based company power through a stall in its aerospace business.

Long-Anticipated ‘Wasteland’ Game Sequel on Way

Producer Waited 10+ Years To Get Money for Follow-Up

It’s taken Brian Fargo more than a decade to get the band back together for a follow-up release to the smash hit “Wasteland.”

It’s Official: Questcor Now Mallinckrodt PLC Unit

Acquisition Final, Local Operations to Stay Intact

Questcor Pharmaceuticals Inc. made plenty of headlines in its roughly four years as an Orange County-based public company.

Regulator Charges AirTouch, Ex-Execs in Fraud Case

Alleges They Reported Fake Earnings for Device

The Securities and Exchange Commission has charged Newport Beach-based equipment maker AirTouch Communications Inc. and its former chief executive and chief financial officer with misstating revenue and defrauding an investor.

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Quiksilver Slides on Rugged Quarter

Shares of Quiksilver Inc. dropped about 11% to $2.51 and market value of about $428.5 million in after-hours trading Thursday after the retailer posted a big loss and a steep drop in revenue for the quarter ended July 31.

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$21M Round for Mazzo-Led Device Company

Irvine-based medical device company AcuFocus Inc. has received $21 million in new venture funding.

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Anaheim Bathtub Maker Sold

Anaheim-based bathtub manufacturer Aquatic has been acquired by the Sterling Group, a private equity firm in Houston.

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Wet Seal Plunges on Q3 Outlook; Share Offerings

Trading in shares of Foothill Ranch-based Wet Seal Inc. was halted for several hours after the market opened today.

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Thomas Back at Helm of Wet Seal

Foothill Ranch-based Wet Seal Inc. Chief Executive John Goodman left the company August 26 and was replaced by former Chief Executive Edmond Thomas, according to regulatory filings.

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Kia Adds to EV Charging Network

Irvine-based Kia Motors America plans to add 17 “fast-charging” electric vehicle charging stations to its 198 in California to support the Kia Soul EV that goes on sale later this year.