Calavo Q3 earnings up 141%
Avocado marketer Calavo Growers reported a record third quarter, with earnings up 141 percent to $5.9 million, or 41 cents per share. The Santa Paula-based firm said Sept. 1 that third-quarter revenues jumped 8 percent to $114.6 million on healthy sales of fresh avocados and avocado products and growth in its other perishable produce sales. Read More →
Ford at PCBC to mark closing of deal
“The money’s in the bank.” That was the word from Texas billionaire Gerald Ford at the Aug. 31 announcement of the closing of a $500 million recapitalization deal with Pacific Capital Bancorp. It was Ford’s first public appearance regarding the deal, which leaves him with 86 percent of the tri-county region’s largest independent banking company. Read More →
Lynda.com buys more Carpinteria space
Online software training firm Lynda.com purchased 57,474 square feet in Carpinteria on Aug. 31, continuing its expansion and move into the South Coast. The company, the fifth fastest-growing firm in the region according to a recent Business Times survey, bought a 31,553-square-foot office building and 25,921-square-foot warehouse building at 6410 Cindy Lane in Carpinteria. The Read More →
Facciano steps down from VC Taxpayers Association
Don Facciano, the president and CEO of the Ventura County Taxpayers Association for the past 10 years, will leave the post on Sept. 1 to concentrate on his campaign for Ventura County treasurer-tax collector. Richard Thomson, a retired Procter & Gamble executive, will replace Facciano, the Taxpayers Association announced Aug. 30. Thomson is a member Read More →
Feds give $1.5M for new SB Airport terminal
U.S. Rep. Lois Capps plans to appear Aug. 30 at Santa Barbara Municipal Airport to highlight a new $1.5 million federal grant to help build the airport’s new terminal. Local elected officials and top airport managers were scheduled to join her, and Capps plans to present a ceremonial check to Santa Barbara Airport Director Karen Read More →
A summer that changed everything
Grab the nearest calendar. Find a sharpie. Put a big thick line through August 2010. For those of us who are neurotic enough to follow the banking game, we are witnessing a once-in-a-decade event: A complete realignment of financial services in the tri-county region. The collapse of Los Padres Bank and its sale to Pacific Read More →
Melton
Mark Melton has grown his cleaning business into a tidy little tri-county empire over the past decade, sweeping in $19.8 million in revenue last year. Carpinteria-based Melton Franchise Systems, a master franchisor for Coverall Health Based Cleaning Systems and owner of the Molly Maid business in the region, made the No. 19 spot on the Read More →
