Strong avocado sales drive revenue growth for ag companies
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George Leis, Montecito Bank’s president and COO, retires
George Leis, the president and chief operating officer at Montecito Bank & Trust, announced that he would be retiring effective immediately, according to a Jan. 3 press release from the bank. Leis, who first joined Montecito Bank & Trust in those roles in 2016, said that during his time at the bank, he was able Read More →
Inogen’s newest respiratory device gains FDA clearance
Goleta-based Inogen, a medical technology specializing in the manufacturing of portable oxygen containers, announced Dec. 30 that it had received U.S. Food and Drug Administration clearance for the Simeox 200 Airway Clearance Device. The clearance helps expand the company’s ability to market and meet the various needs of patients with chronic respiratory diseases in the Read More →
Teledyne completes $58M takeover of Micropac
Thousand Oaks-based Teledyne Technologies completed its acquisition of Micropac Industries on Dec. 30. The all-cash transaction valued Micropac at approximately $57.3 million, taking into account Micropac’s net debt as of Aug. 24. Under the merger agreement’s terms, Micropac stockholders received $20 per share in cash. “We are delighted to welcome Micropac and its employees to Read More →
Tri-county stock roundup after tumultuous week
With markets rebounding on December 20, most Central Coast stocks retraced some — but not all — of their declines during a week that saw the worst performance for the Dow Jones Industrials since the 1970s. One notable exception was Mission Produce which posted a 17.75% gain on the 20th and gained nearly 10% for Read More →
AeroVironment’s $990M government contract moves forward
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Newton Golf secures $8.4M in public offering
Camarillo-based Newton Golf, formerly known as Sacks Parente Golf, announced Dec. 14 that the company generated approximately $8.4 million, before deducting underwriting fees and other estimated offering expenses payable by the firm during its underwritten public offering. The offering, which closed on Dec. 13, consisted of seven million common units with the public offering price Read More →
