INDUSTRY UPDATES
Transcat, Inc., a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement and control instrumentation, announced via press release that it has acquired privately held Martin Calibration Inc.
Los Angeles-based Verde Bioresins Inc. agreed to be acquired by Nxu Inc. from Humanitario Capital for $16.2 million on Oct. 23.
Updates
More than 70 shuttered 99 Cents Only Stores across Southern California will reopen as Dollar Tree locations as part of a massive acquisition by the discount chain.
Business
The Container Store says business will continue as usual while it restructures after filing for Chapter 11 bankruptcy protection amid steep losses, slumping sales and increased competition.
Commercial Real Estate
Industrial developer CapRock Partners sold West Valley Logistics, a 270,000-square-foot warehouse in Walnut, to Pleaser USA Inc. for $100 million, or $370 per square foot.
Music
Irv Gotti, the Def Jam record executive behind the Murder Inc. label, has died. He was 54.
California
Health & Life Science
Irvine-based Inari Medical Inc. will be acquired by Stryker Corp. for $4.8 billion.
Parent company Liberated Brands blamed fast fashion and e-commerce moving too quickly to sustain its outdated brick-and-mortar stores in bankruptcy filings.
Irvine-based Mobix Labs Inc. agreed to acquire Spacecraft Components Corp., a Nevada-based aerospace and defense manufacturer of high-precision, mission-critical components for $24 million.