May 17, 1994
Nestle USA Inc. in Glendale has agreed to purchase stock and warrants that would give it a 22% stake in Dreyer's Grand Ice Cream Inc. If all the warrants to purchase Dreyer's shares are exercised, the purchase price will total $160 million. The deal calls for Nestle to buy 3 million shares of Dreyer's common stock for $32 each, and warrants to purchase an additional 2 million Dreyer's shares for $32 apiece.
CALIFORNIA | LOCAL
March 21, 1996 |
A Chatsworth-based manufacturer officially broke ground Wednesday on a $20-million Oxnard headquarters, which is expected to attract more than 500 jobs and boost the local economy. Construction on Haas Automation Inc.'s 415,000-square-foot building at Rice Avenue and Sturgis Road actually started last week. The company expects to begin relocating all of its operations to the facility, which is set on 76 acres, in December.
CALIFORNIA | LOCAL
September 20, 1995 |
Hoping to prevent the further loss of jobs at an Oxnard food-processing plant, Ventura County supervisors Tuesday agreed to appeal to the new owner of the plant to retain its local operations. "We can't afford to lose more jobs," said Supervisor John Flynn, who urged the board to encourage Nestle USA Inc. to keep open its Nabisco Foods factory. Nestle acquired the Nabisco plant along with its line of Ortega Mexican foods earlier this month.
November 21, 1991
Timm F. Crull, president and chief executive of Nestle USA Inc., has been named executive vice president of the parent company Nestle S.A., the world's largest food company. With the appointment, which becomes effective Jan. 1, Crull will oversee activities in the United States and Canada from the company's Nestle USA headquarters in Glendale. Crull has also been named to the newly created position of chairman of Nestle USA and will also retain his title as CEO of the company.
September 19, 1995 |
The dispute between Oxnard's Nabisco Foods Co. plant and some of its workers received top billing at last weekend's civil rights conference of the Teamsters union. Prior to the meeting, held in Washington, the Teamsters issued a press release listing examples of alleged "corporate efforts to destroy education, job safety enforcement, Medicare and other programs that help provide good jobs and a secure future for working families." The first case cited was that of Nabisco's Oxnard employees.
CALIFORNIA | LOCAL
September 24, 1995 |
More than 250 people marched through Oxnard on Saturday to protest the sale of the local Nabisco Foods plant to Nestle USA. "We want to do two things," said Scott Dennison, chief executive of Teamsters Local 186, which organized the march. "Either put some pressure on Nabisco to tell them that in order to solidify the deal with Nestle they must address the women's sex discrimination lawsuits or, hopefully, convince them to back out of the deal."
July 28, 2003 |
Atlanta-based Wells Real Estate Investment Trust Inc. has allocated $500 million to buy office and industrial properties in Southern California during the next six months. Privately held Wells bought the Glendale headquarters building of Nestle USA Inc. for $157 million in December and wants to expand its holdings in Los Angeles, Orange and San Diego counties, said David Steinwedell, Wells' chief investment officer.
January 9, 1995 |
Atlantic Richfield Co. General Counsel Bruce G. Whitmore has been elected senior vice president and corporate secretary of the Los Angeles-based oil company. Whitmore, 50, assumed his duties as Arco general counsel on Jan. 1, succeeding Francis X. McCormack, whose retirement was announced last summer. Whitmore previously served as vice president and general counsel of Arco Chemical Co. in which Arco has an 83.3% ownership interest. As corporate secretary, Whitmore succeeds Howard L.
December 24, 2002 |
The headquarters building of Nestle USA Inc., a Glendale landmark, has been acquired by an Atlanta-based real estate investment trust for $157 million. Privately held Wells Real Estate Investment Trust bought the 20-story tower at 800 N. Brand Blvd. from Douglas Emmett, a Santa Monica real estate investment and management firm. Emmett, one of the Southland's biggest office and residential landlords, bought the building in 1995 for about $115 million.