Venoco’s board agrees to CEO buyout
[Editor’s Note: This story was updated on Jan. 18] Venoco CEO Tim Marquez has agreed to pay $12.50 per share to take his Denver and Carpinteria-based oil and gas company private. In a deal announced shortly before the markets opened on Jan. 17, Venoco said the company had agreed to accept an offer that Marquez, Read More →
Canary Hotel for sale to San Francisco group
The downtown hotel is listed for $40 million, according to several industry sources.
California Republic buys Westlake bank branch
Newport Beach-based California Republic Bank has purchased the Westlake Village branch of National Bank of California, saying it wants to use the new location as a foothold for expanding into the Ventura County market. Terms of the sale were not disclosed, but the two banks previously said the deal would include the branch and $16.2 Read More →
DenMat buys brands
Less than two months after changing hands, Santa Maria-based DenMat Holdings has acquired some of the assets of its new CEO’s old company. DenMat, a major employer with several hundred workers at its Skyway Drive facility, said on Jan. 6 that it has acquired a portfolio of dentistry products from Discus Dental. Steve Semmelmayer was Read More →
Limoneira leases Sheldon Ranches property
Santa Paula-based Limoneira Co. entered into a series of leases with the Sheldon Ranches, which consists of 1,000 acres of agricultural property in the San Joaquin Valley. With the leases, Limoneira, an agribusiness that owns farm land and water rights throughout California and produces lemons, avocados, oranges and other crops, will take over operations of Read More →
Savor announces $3M economic impact
The San Luis Obispo County Visitors and Conference Bureau said Savor the Central Coast boosted the region’s economy by almost $3 million this year, but organizers of the food and wine event told the Business Times it fell about $47,000 short of turning a profit. The visitor’s bureau also announced the dates of the third Read More →
Startup scores Amgen exec
PBS Biotech, a Camarillo-based startup focused on biotechnology equipment founded by a former Amgen scientist, has added major firepower to its advisory board with a key former Amgen executive. George Morrow oversaw global operations for Thousand Oaks-based Amgen, the world’s largest biotech firm, for eight years before retiring last year. He came to Amgen after Read More →
