MANUFACTURING

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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Pipeline Group Sold

Santa Ana-based Pipeline Group Inc. was bought on undisclosed terms by Prometheus Group, a press release said.

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Boot Barn Misses on Q4

Shares of Boot Barn Holdings Inc. were down 15% to $6.30 during Friday morning trading after the company reported revenue and adjusted profits for the April quarter that missed the Wall Street expectations.

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May Auto Sales Mixed

Three of the four largest Orange County-based automakers trailed the national sales pace for new vehicles in May, according to New Jersey-based market researcher Autodata Corp.

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Hines SJC Site to Close

Hines Growers Inc. will close its San Juan Capistrano location effective Oct. 1, a move that affects 115 workers, a California EDD Worker Adjustment and Retraining Notification (WARN) filing said.

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Big Plans at Taco Bell

Taco Bell Corp. again updated mid-range goals at its annual investor and analyst day this week with big plans for annual revenue, international expansion and unit totals.

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Lotus Sells gen-E

Lotus Innovations LLC in Irvine said it sold gen-E, an analytics company with 29 employees, to an undisclosed buyer for an undisclosed amount.

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Irvine Software Firm Sold

Resolve Systems, an Irvine-based software company with 125 employees, was sold to Insight Venture Partners of New York. Terms were not disclosed.

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Brea Food Maker Names COO

Ventura Foods LLC promoted John Buckles to chief operating officer, a new position at the Brea-based maker of branded butter, margarine, mayonnaise, dressings and dips.

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OCVA Focus: Mideast, Mexico

Orange County Visitors Association worked in the Middle East in March and plans new efforts in Mexico, through a California tourism team’s visit, to tell business travelers and tourists they’re welcome locally.

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Ex-Energy Sec. Joins Board

Former Department of Energy Secretary Ernest Moniz has joined the board of a nuclear fusion company in Foothill Ranch.

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