Special Devices emerges from bankruptcy
Special Devices, one of Moorpark’s larger employers, has emerged from bankruptcy less than eight months after filing for Chapter 11 reorganization protection, said the Ventura County Star.
During the restructuring, Special Devices closed its local auto operations, which employed about 120 employees. The company consolidated the division with the company’s Arizona location, The Star reported. About 150 employees remain at the facility, 14370 White Sage Road. The company also has operations in Germany, Japan and Thailand. SDI’s business is divided into three divisions: automotive, aerospace and mining and blasting. Hunter said business has picked up in all three units. The auto division generates the bulk of the company’s revenue and has been hit hard by the economic downturn, according to The Star. There are about 150 people left at the Moorpark facility.
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