CDM Technologies, a privately held software firm in San Luis Obispo that specializes in real-time transportation and logistics planning systems for the U.S. military, has been sold to Boeing.
Terms of the sale were not disclosed.
Art Chapman, who co-founded the firm in 1994 and retired last year as an architecture professor at Cal Poly, said that the current management team and employees will remain.
“Nothing changes except the owner and opportunities,’’ he added, noting that he’s trying to give employees a future path with a larger company that has far more resources.
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CDM Technologies employs 130 people — 70 full-time and the rest students who work part-time. Its annual sales are about $9 million, Chapman said; the privately held firm does not disclose profits.
Boeing said that the acquisition will allow it to accelerate growth in the logistics command and control market. It is “another important step in our mission to assemble the technologies that will help us drive efficiency into our customers’ distribution processes,’’ said Greg Deiter, vice president of Defense & Government Services for Boeing.
The acquisition is expected to be completed by year-end. At that time, CDM Technologies will be integrated into Boeing’s Tapestry Solutions subsidiary. Chapman will become vice president of Tapestry Solutions, which provides custom software development, system engineering, geographic information systems, field support, training and consulting to both government and industry.
— Tribune staff
EOS Estate Winery sold
EOS Estate Winery in Paso Robles, one of the county’s biggest wineries, has been purchased by Bill Foley, owner and operator of Foley Family Wines. Terms were not disclosed.
The sale includes trademarks, case goods and bulk wine for the EOS, Cupa Grandis, Lost Angel and Novella labels.
Not included is the tasting room equipment, which will be moved to the Firestone Winery tasting room in Paso Robles.
Ryan McGuire, EOS tasting room and wine club manager, will have those duties for Foley.
Foley said the purchase gives him an immediate presence in the growing viticultural area of Paso Robles.
Founded in the mid-1980s by the Arciero family, EOS produces cabernet sauvignon, chardonnay, late harvest moscato, malbec, merlot, muscat canelli, petite sirah, pinot grigio, sauvignon blanc, zinfandel and zinfandel port.
The Tribune reported in May that the local winery was placed in receivership because of financial problems. At the request of one of the winery’s lenders, Farm Credit West, a court-ordered receiver was put in charge of the books, while the winery continued to operate.
In a news release about the winery’s sale to Foley, Mark Littlefield of Farm Credit noted that Foley is “one of our major partners in the wine industry. We are very pleased to have worked with him on this sale.’’
Foley Family Wines owns several other wineries, including Foley Estates of Santa Rita Hills, Lincourt Vineyards and Firestone Vineyard of Santa Ynez Valley, Merus and Kuleto of Napa Valley, Chalk Hill and Sebastiani of Sonoma County, and Vavasour and Clifford Bay of Marlborough, New Zealand.
— Stacy Daniel