MANUFACTURING
Recent and archived news stories on: Manufacturing, agribusiness, chemicals, electronics, energy, fabrication, plastics, textiles, international trade, shipping, logistics
Beauty Ecommerce Platform Thirteen Lune to Expand by Hundreds of Locations This Year
A little over a year after launching Thirteen Lune Inc., Nyakio Grieco’s efforts to level the playing field for BIPOC-owned beauty brands are bearing fruit.
Rocket Lab Completes New Launch Pad, Secures $143M Contract
Rocket Lab USA Inc. signed a $143 million contract on Feb. 24 — the company’s largest order to date — to manufacture 17 spacecraft buses for low Earth orbit satellites operated by Covington, La.-based Globalstar Inc. Rocket Lab will produce the spacecraft at its Long Beach headquarters.
Crown ElectroKinetics Brings Smart Tech to Window Tints
Commercial building developers have plenty of options when it comes to windows that reduce heat and light transmission to reduce their carbon footprint and cut down on soaring energy costs.
Banks, Wealth Managers Expand Ways to Build Generational Wealth Among Communities of Color
Banks and financial advisors have been working in tandem to keep the economic momentum in traditionally underserved minority communities on a positive trend by focusing on different rungs of financial maturity and business development.
Valet of the Dolls’ Business Model Helps Service Survive Pandemic
Women-led valet companies have a surprisingly rich history in Los Angeles — Illumination Hospitality’s The Valet Girls, based in Beverly Hills, was founded in 1983, and The Valettes began operating in 1988.
Social Networking Platforms for Black Professionals Add Tools to Support Growth, Cultural Change
As businesses big and small implement diversity initiatives in response to larger cultural conversations about race, identity and representation, a number of tech companies are working to make sure that those businesses actually put their money where their mouths are.
Carson Company Proves Water Treatment Tech Locally, Expands Applications
Carson-based Moleaer Inc. has worked in some 30 countries, implementing its new technology that generates microscopic gas bubbles to treat water.
Capitol Food Co. Invests in Facility to Grow Production by 50% This Year
Capitol Food Co., whose local legacy goes back to the late 1800s, is keeping up with the times.
Avery Dennison Acquires Swiss RFID Company
Avery Dennison Corp. in Glendale said last week it acquired TexTrace AG, a Switzerland-based maker of woven and knitted radio frequency identification (RFID) products that can be fully integrated into garments and used for theft protection, consumer interaction or self-checkout.
Skims Latest Funding Raise Brings Valuation to $3.2 Billion
Skims Body Inc. has raised $240 million, doubling its valuation to $3.2 billion.
Miami-Based Company Buys Whiplash Merchandising for $480 Million
Whiplash Merchandising Inc. ended 2021 by trading owners in an all-cash deal.
8minute Solar Receives $400M in Funding From EIG Global Energy Partners
Mid-Wilshire-based 8minute Solar Energy on January 19th announced that it closed $400 million in financing from Washington, D.C.-based EIG Global Energy Partners, which specializes in investments in global energy and infrastructure.
Parallel Systems Raises $50 Million in Series A
Parallel Systems, an electric rail vehicle maker founded by three SpaceX veterans, picked up nearly $50 million in Series A funding last week.
Boosted Acquires Hair Care Brand FoxyBae.com
Boosted Commerce Inc. in Beverly Hills acquired FoxyBae.com last week for $35 million.
Autonomy Turns to Tesla to Launch Subscription Service
Scott Painter’s betting on Tesla. His Santa Monica-based company — NextCar Holding Co. Inc., doing business as Autonomy — which specializes in offering short-term vehicle subscriptions, will focus on providing the popular Model 3 to consumers in the Los Angeles area.
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