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Special Devices Inc

CALIFORNIA | LOCAL
September 6, 2000 | JENIFER RAGLAND, PECIAL TO THE TIMES
Investigators are still trying to determine the cause of an explosion at a Moorpark company last week that injured two workers, one of whom remains in critical but stable condition at Simi Valley Hospital. Frank Snider, 26, of Simi Valley suffered extensive injuries in the explosion Friday morning at Special Devices Inc., which makes triggering devices for air bags. Alicia Gonzalez, a hospital spokeswoman, said Snider had part of his right arm and hand amputated as well as his left index finger.
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CALIFORNIA | LOCAL
January 5, 2001 | JENIFER RAGLAND, SPECIAL TO THE TIMES
A high-tech manufacturer lured to the city with a $6-million subsidy package has pleaded guilty in U.S. District Court to three felony counts of illegally burning hazardous waste at its former plant in Newhall. Special Devices Inc., which makes explosive triggers used in air bags and the aerospace industry, will pay a $1.5-million fine--$1 million of which will go to the National Park Foundation for environmental projects, said Assistant U.S. Atty. William Carter.
CALIFORNIA | LOCAL
February 19, 1999 | AGNES DIGGS and DAVID COLKER, TIMES STAFF WRITERS
An explosion at a plant where automotive air-bag trigger devices are made killed one worker and injured two others Thursday morning, authorities said. The Sheriff's Department identified the victim as Charles Tillman, 48, of Encino. His remains were found by firefighters near a pickup truck used to transport chemicals at Special Devices Inc.
BUSINESS
July 8, 1997 | BARRY STAVRO, TIMES STAFF WRITER
Air bags can save lives. They can also save a company. In 1990, the year after the Berlin Wall came down, a modest-sized Newhall defense contractor, Special Devices Inc., jumped full tilt into selling trigger devices called initiators, which were similar to those it produced for Tomahawk missiles, to makers of automotive air bags. Since then, the company's profits have jumped fivefold, sales have quadrupled and its net worth has tripled. About 80% of its business now comes from automotive sales.
BUSINESS
September 8, 1998
Newhall-based Special Devices reported diluted net earnings per share of 54 cents for the third quarter that ended Aug. 2, up from 36 cents per share in the year-ago period, the company reported. The company, which makes triggering devices for automobile air bags and pyrotechnic devices for aerospace, posted 1998 third-quarter sales of $43.4 million, compared with $37 million in the year-ago period.
BUSINESS
July 7, 1998
Newhall-based Special Devices has agreed to be acquired by a private equity fund, a unit of J.F. Lehman & Co., in which the affiliate will get nearly all outstanding shares of Special Devices common stock for $37 per share. Some shareholders contend that the price, which is slightly higher than the $35-$36 range where the stock has been trading, undervalues the company and they have filed suit against the company, which makes devices that trigger inflation in automobile air bags.
CALIFORNIA | LOCAL
September 17, 1997 | REGINA HONG
Special Devices Inc. has asked for permission to build an additional 35,000 square feet of buildings for its headquarters under construction in eastern Moorpark. The company, which designs and manufactures explosive devices used in detonating automotive air bags and missiles, wants to expand beyond the current 131,200 square feet it had planned for its facility at 14370 New Los Angeles Ave. The expansion request will be considered tonight during the City Council meeting.
CALIFORNIA | LOCAL
August 23, 1996 | DAVID R. BAKER, SPECIAL TO THE TIMES
Hoping to bring more than 700 jobs to this small city and prevent a growing company from leaving the state, the City Council has approved plans by Special Devices Inc. to move its headquarters from Newhall to Moorpark. Council members late Wednesday night unanimously endorsed a development agreement with the company, which makes explosive devices for automobile air bags and missiles.
CALIFORNIA | LOCAL
October 10, 2000 | BARBARA MURPHY
Special Devices Inc. in Moorpark, which designs pyrotechnic devices for the aerospace and automotive industries, has completed the divestiture of its subsidiary Scot Inc. to an investor group. Scot, located in Downers Grove, Ill., manufactures pyrotechnic devices for the aerospace and defense industries. Special Devices is a privately held corporation whose principal shareholders are affiliates of J. F. Lehman & Co.
CALIFORNIA | LOCAL
September 5, 2000 | RODNEY BOSCH
Special Devices Inc. in Moorpark, which manufactures pyrotechnic devices for the aerospace and automotive industries, reached an agreement to sell its subsidiary Scot Inc. to J.F. Lehman & Co., an investor group based in New York. Scot, located in Downers Grove, Ill., manufactures pyrotechnic devices for the aerospace and defense industries. The transaction was approved last week by the SDI board of directors.
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