June 4, 1997 |
Collision-repair parts distributor Keystone Automotive Industries Inc. of Pomona announced the acquisition of two small auto parts companies, the latest in several acquisitions meant to boost its distribution network nationwide. Keystone, whose five other recent acquisitions pushed revenue up 24% to $194 million in the 12 months ended March 28, said it will buy U.S. Plating Co. and Alloy Wheel Service Inc. for undisclosed sums. Tampa, Fla.-based U.S. Plating sells new and recycled bumpers.
October 15, 1998 |
Seventy percent of companies whose shares fall relative to the stock market at the time they announce acquisitions are still down a year later, a PricewaterhouseCoopers study found. The study, released Wednesday, tracked the performance of 97 public companies that completed acquisitions worth $500 million or more from January 1994 to June 1997.
July 19, 1998 |
Century Business Services Inc. said it completed its acquisitions of General Business Services and Edwin K. Williams & Co., accounting and business services firms based in Waco, Texas. Financial terms weren't disclosed. Century Business also said it has changed the name of its Comprehensive Business Services unit to Century Small Business Solutions Inc. The company said it will combine General Business Services and Edwin K.
October 14, 1998
First American Financial Corp., the Santa Ana title insurance and real estate services giant, said Tuesday it acquired three branches of Charter Title Corp. in Washington state. Terms weren't disclosed. The acquisition includes Charter Title offices in Kitsap County, Jefferson County and Pacific County. The branches handled underwriting for First American.
February 5, 1999 |
Infinity Broadcasting Corp., home of the Howard Stern and Don Imus radio shows, said it is aggressively seeking acquisitions, possibly including Chancellor Media Corp., soon to be the No. 1 U.S. owner of radio stations. Both Infinity and Chancellor own numerous radio stations within the top 50 markets, meaning the government would be likely to require the sale of certain stations if the two companies combine. Chancellor will own the largest number of radio stations in the U.S.
August 5, 2000 |
Consumer goods giant Unilever said second-quarter earnings rose 7% to about $695 million, on a 3% increase in sales to $9.86 billion, bolstered by the acquisitions of Ben & Jerry's ice cream and SlimFast diet foods. The Dutch company, whose many brands include Bestfoods, Lipton, Dove and Elizabeth Arden, also said it will realign management into two global divisions, one for food and one for soaps and household products.
September 24, 2002 |
Avery Dennison Corp. said it acquired two companies in a bid to expand its reach in the apparel and retail industries. The Pasadena-based maker of adhesive labels and other products said it was acquiring RVL Packaging Inc., a Westlake Village-based global provider of woven and printed labels for the apparel industry, and RVL's key printing partner, L&E Packaging, based in Greensboro, N.C. Both transactions are subject to regulatory approval.
August 16, 1996
Sunstone Hotel Investors Inc. said it has completed its acquisition of two hotels--the 165-room Comfort Suites in South San Francisco and a 151-room hotel in Price, Utah--for $15.7 million. Sunstone plans to convert the Utah property to a Holiday Inn Hotel & Suites. The two hotels were financed with proceeds from Sunstone's recent public offering. The real estate investment trust owns 20 hotels, with 2,612 rooms, in Western states.
June 20, 2000
Cherokee International LLC, expanding its European presence, said on Monday it acquired Industrial and Telecommunication Systems, which includes Mitra Power Systems, a European designer and manufacturer of power supplies for equipment manufacturers. The acquisition also includes Mitra's sister entity, Mechanical and Automation Systems of Belgium. Financial terms were not disclosed.
November 14, 2000 |
Newport Corp., a maker of equipment used to build semiconductors and fiber-optic parts, said it plans to make acquisitions to broaden its line of test, measurement and automation products. "I won't say there's a wealth of companies out there, but we're looking every day," Newport Chief Executive Robert Deuster said Monday after a presentation to investors at the UBS Warburg Global Telecom Conference in New York.