MANUFACTURING

Kia Finally Lands Sales Exec

Kia Motors America Inc. in Irvine hired Bill Peffer as its new vice president of sales, a position Michael Sprague held until he was promoted to chief operating officer in 2015.

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TrafFix Prevails in Court

Fisher Phillips said client TrafFix Devices Inc. won a race discrimination and wrongful termination case in Orange County Superior Court.

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Ingram Named CEO of Sarepta

Sarepta Therapeutics Inc. in Cambridge, Mass., named Douglas Ingram its president and chief executive officer.

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Boardriders Gets Ex-Oakley Exec

Huntington Beach-based Boardriders Inc., which owns the Quiksilver, Roxy and DC Shoes brands, named Nate Smith president of its Americas region.

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ADOMANI Market Value Tops $1B

Shares of ADOMANI Inc. surged in afterhours trading Wednesday and opened at $17.30 this morning, the highest price in its short public history on the NASDAQ Capital Market.

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Tustin Aerospace Co. Buys Competitor

Elite Aerospace Group in Tustin acquired Halo Industries Inc. on undisclosed terms.

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ClearFlow Gets FDA OK

Anaheim-based medical device maker ClearFlow Inc. secured Food and Drug Administration approval for the FlowGlide Active Clearance Technology System, a device that clears chest tubes to prevent or reduce retention of blood and fluids.

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Cookware Manufacturer Sold

Connerton Company Inc., a Santa Ana-based manufacturer of cooking equipment for the foodservice industry, was bought by Genkraft Technologies of Long Beach on undisclosed terms.

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Carpet Manufacturer Closes Doors

Royalty Carpet Mills Inc., a longtime area carpet manufacturer based in Irvine, has closed, as have several affiliated companies.

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NB Manufacturer a Crowdfunded First on NASDAQ

Shares of Newport Beach-based ADOMANI Inc. surged this morning on its debut on the NASDAQ Capital Market after becoming the first equity crowdfunded company to list on the tech heavy exchange.

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Kellogg Leaving La Palma

Michigan-based Kellogg Co. is shuttering its distribution center in La Palma and cutting 280 jobs there, according to a Worker Adjustment and Retraining Notification the cereal and snack giant filed with the state Employment Development Department.

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Conexant in $342M Deal

Chipmaker Conexant Systems LLC in Irvine agreed to be acquired by Synaptics Inc. for about $342 million.

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Allergan To Buy Implant Maker

Allergan PLC will buy Stuart-Fla.-based Keller Medical Inc. in Stuart, Fla., which makes a breast implant insertion device that reduces surgeon and patient contact during surgeries.

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NB Cybersecurity Startup Gets $9.5M

Newport Beach start-up Obsidian Security has raised $9.5 million in Series A funding led by Silicon Valley venture capitalist Greylock Partners.

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Alteryx Buys, Bows Service

Irvine-based analytics software maker Alteryx Inc. bought a Brooklyn, N.Y. company and debuted a new service developed from another recent purchase.

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