Orange County Business Journal

MANUFACTURING

Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...
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Irvine Chipmaker Sold for $275M

Inphi Corp. in Santa Clara agreed to buy ClariPhy Communications, Inc. in Irvine for $275 million plus debt.

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Automakers’ October Sales Mixed

Three out of four Orange County-based automakers beat the national sales pace on new-vehicle sales in October, according to New Jersey-based market researcher Autodata Corp.

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Quiksilver Adds to Board

Quiksilver Inc. in Huntington Beach added the former chief executive of Danone to its board of directors.

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Apparel Firm Takes Over LA Plant

AST Sportswear Inc. in Brea plans to resume operations at the former American Apparel’s dyeing and finishing plant in Hawthorne in Los Angeles County, after acquiring its equipment in an auction.

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Hyundai, Kia Settle With States

Hyundai Motor Co. and Kia Motors Corp. will pay $41.2 million to 33 states and the District of Columbia to settle an investigation of the automakers’ “2012 restatement of fuel economy ratings and related advertising.”

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Porsche Motorsport Decamps

Porsche Motorsport North America has left Santa Ana for Carson, a move first announced in 2012.

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OC Car Sales Up 1.1%

Sales of new vehicles at Orange County auto dealers for the first nine months of the year increased 1.1% to 147,360, according to the Orange County Automobile Dealers Association.

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Ricoh Cuts 147 Jobs

Ricoh Electronics Inc. will eliminate more than one-third of its employment base at its Tustin headquarters as part of a global restructuring of manufacturing operations.

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WD Tops Earnings Targets

Irvine-based storage products maker Western Digital Corp. reported revenue and adjusted profits in the September quarter that beat Wall Street expectations.

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Allergan’s Saunders Adds Chairman Role

Allergan Plc President and Chief Executive Brent Saunders is now also Chairman of the drug maker’s board of directors, replacing Paul Bisaro.

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Edwards Shares Fall on Sapien Sales

Shares of Edwards Lifesciences Corp. in Irvine fell 15% to about $96.50 a share and a $20 billion market cap on a lower-than-expected increase in its most recent quarter on international sales of its main product, the Sapien heart valves.

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Volcom Down in Q3

Costa Mesa-based Volcom Inc. posted $76.5 million in revenue for the September quarter, a 13.6% decrease from the same period last year, according to Kering, its Paris-based parent.

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OC Manufacturer Sold

Irvine-based Laguna Tools Inc. has been acquired on undisclosed terms by New York private-equity firm Hudson Ferry Capital LLC.

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Software Maker Buys Colorado Firm

Flatirons Solutions in Irvine acquired the assets of a Colorado company that specializes in flight operations software.

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New Boss for Speedo USA

Speedo USA in Cypress promoted John Graham to role of president.