Sponsored by Oregon Business

Dealwatch: September

| Print |  Email
Articles - September 2010
Friday, August 20, 2010

A roundup of transactions, mergers and big deals of the month.

1. Shearer’s Foods in Hermiston will undergo an $18 million expansion to add 140,000 square feet to its snack food plant. It expects to add 50 workers and construction should be completed by winter 2011. Shearer’s manufactures regular and kettle-style chips and other snacks.

2. ON Semiconductor, which has a major presence in Gresham, has bought a division of Sanyo Electric Co. for $366 million. The deal is expected to close by the end of 2010 and is expected to boost ON revenues by $1.2 billion. The Gresham plant employs more than 400.

3. FedEx Ground has opened its new $100 million 514,000-square-foot facility in Troutdale and is expected to hire 243 part-time handlers. The new hub is seven times bigger than the previous Swan Island location and will employ at least 600, as well as 200 drivers.

4. Portland-based KC Distance Learning (KCDL) has been purchased by K12 Inc. in Virginia for $63.1 million in stock. KCDL provides education products to schools and families. It reported revenues of $34.7 million in 2009 and will continue to be based in Portland.

5. Tualatin-based Gramor Development has secured a $45 million loan from U.S. Bank to start construction on the $60 million Progress Ridge Townsquare. The 325,000-square-foot retail development took five years of planning and will be anchored by a New Seasons Market and Cinetopia. It’s located on the city line between Tigard and Beaverton.

6. Portland-based private equity firm Endeavour Capital has invested $10.5 million in Providien Inc., a new medical device company based out of Phoenix, Ariz. Providien is a holding company looking to acquire smaller medical manufacturing companies in order to provide multiple services as a single manufacturer.

JESSICA HOCH
 

More Articles

Downtime with the executive director of Greater Portland Inc.

April 2015
Thursday, March 26, 2015

Janet LaBar, Executive director, Greater Portland Inc.


Read more...

Party Like It’s 1999

Contributed Blogs
Wednesday, February 25, 2015
pets-com-sock-puppetBY JASON NORRIS, CFA | OB GUEST BLOGGER

Pets.com, GeoCities, eToys, and WorldCom … blasts-from-the-past that all signify the late 1990s Internet bubble. Yet we believe the dynamics of the market, specifically in technology stocks, are much different today than it was during the late 1990s.


Read more...

How Oregon will survive the loss of Hanjin

March 2015
Friday, February 20, 2015
BY JOE CORTRIGHT | OB CONTRIBUTOR

"Shipping containers to Portland is like waiting for a bus that travels once a day."


Read more...

6 chiefs of staff dish on their bosses

The Latest
Thursday, February 05, 2015
legilistiblog-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

We ask chiefs of staff for the scoop on Oregon legislators.


Read more...

Beam Me Up

April 2015
Thursday, March 19, 2015
BY DAN COOK | Photos by Jason E. Kaplan

An alliance of developers, academics and timber industry executives wants to position Oregon as a front runner in the glamorous new world of wooden skyscrapers.


Read more...

Epitaph for a Boondoggle

April 2015
Friday, March 27, 2015
BY JOE CORTRIGHT

The CRC is a cautionary tale about how we plan for, finance and invest in transportation infrastructure.


Read more...

Uncertainty about convention center hotel could cost Portland an NBA All-Star Game

The Latest
Wednesday, February 18, 2015
463545460BY JACOB PALMER | OB DIGITAL NEWS EDITOR

NBA commissioner: "I would love to end up having an All-Star Game in Portland. It's really just a function of ensuring that we can fit in town."


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS