April 17, 1997 |
Bell Industries Inc. said it plans to fire about 50 employees over the next 18 months and close about 15 warehouses in a restructuring after its January acquisition of Milgray Electronics Inc. The electronics products distributor is closing warehouses in locations where both Bell and Farmingdale, N.Y.-based Milgray have sites, resulting in "some displacement of personnel that wasn't planned initially," said Gordon Graham, Bell's president and chief operating officer.
February 13, 1995 |
Bruce M. Jaffe, executive vice president and chief operating officer of Bell Industries Inc., has been elected president of the Los Angeles-based company. Jaffee, 51, succeeds Theodore Williams, 74, who continues as chairman and chief executive. Jaffe joined Bell in 1967. Bell Industries manufactures and distributes products for the electronics, computer, graphics and other industrial markets. * Frank J. Holdraker has joined La Salsa Holding Co. as senior vice president of franchising.
December 24, 1999 |
An investment group disclosed that it sold about two-thirds of its Bell Industries Inc. holdings after company shares soared on reports that billionaire investor Warren Buffett had acquired a stake in the El Segundo-based systems integrator. Steel Partners sold more than 1.1 million common shares from Monday through Wednesday for $5.76 to $6.37 apiece, according to an amended Schedule 13D filed with the Securities and Exchange Commission. The shares were worth about $7.1 million.
April 11, 1989
Bruce M. Jaffe, senior vice president-finance, has been promoted to executive vice president at Bell Industries Inc., Los Angeles. Jaffe also will assume the newly created post of chief operating officer. Paul Doucette and Gordon Graham have been promoted to senior vice presidents, with operating responsibilities for Bell's Industrial Products Group and the Electronics Distribution Group, respectively. Howard B. Franklin will remain president of the Electronics Distribution Group and Nathan Landgarten will remain president of the Industrial Products Group.