October 5, 1993 |
Camarillo-based Alpharel Inc. expects to reduce overall costs $2 million annually as a result of its previously announced acquisition of San Diego's Optigraphics Corp. The savings will come from restructuring the two firms, both of which produce document imaging systems for business and government, said Robert T. Bruce, Alpharel's chairman and chief executive. The deal, completed last week, called for Alpharel to pay $10.7 million, consisting of $4.4 million in cash, 2.
October 10, 1991 |
Alpharel Chief Executive Steps Down: Robert T. Bruce, the chief executive of Alpharel Inc. who helped bring the Camarillo company back from the brink of bankruptcy last year, stepped down from his post to spend more time at his home in Aspen, Colo. Bruce, 56, said he will remain as chairman of Alpharel's board through next year and will stay with the company on a day-to-day basis through this year to help it complete several projects. Bruce was replaced as chief executive by Roger H.
July 13, 1993 |
A management shift is in the works at Alpharel Inc., a Camarillo producer of imaging systems that is about to acquire a San Diego competitor. Robert T. Bruce, Alpharel's chairman, will continue in that position but will also resume his former posts as president and chief executive officer. He'll take on the additional duties upon the merger with Optigraphics Corp.
June 19, 1990 |
In 1986, Alpharel Inc. in Camarillo rolled up annual sales of $14 million and a $1-million profit. Four years, big losses and several executive changes later, the company has become so weak that it can't afford to keep its chief financial officer and his $91,000 salary. Alpharel, a developer of computer data-storage systems, said it dismissed William H. Lane, who also was vice president of operations and secretary, on Friday.
August 20, 1991 |
The sluggish economy took its toll among local businesses in the second quarter, with less than half of the publicly owned companies in a regional survey reporting higher earnings compared with a year earlier. In The Times survey of 62 local companies with headquarters from Ventura to Glendale, only 24 posted higher profits compared with a year earlier. An additional six rebounded from year-earlier losses and reported profits in the latest quarter.