March 18, 2009

Local Companies Buck Economic Trend

Three local companies are bucking the economic trend by growing while much of the state continues to struggle.

Santos Spice Products recently purchased a 26,400-square-foot industrial building in Hayward for $2.64 million for food storage and distribution. Santos is located at 1188 Montague Street in San Leandro.

TriNet, a human resources outsourcing firm, is seeking to acquire Gevity HR, Inc. for $98 million. However, a lawsuit has been filed that claims the $4 per share offer is too low. TriNet is located at 1100 San Leandro Blvd. in San Leandro.

Energy Recovery, Inc. reported a 59% increase in revenue in Q4 2008 over the same period the previous year. Energy Recovery went public in July 2008 and has seen increasing revenues since 2005. Energy Recovery is located at 1908 Doolittle Drive in San Leandro.

Posted by Mike Katz-Lacabe at March 18, 2009 11:19 PM | TrackBack
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