Dongguan Koppo Electronics Co has decided to cease operations partly because of delayed payments by cross-border ecommerce merchants. The Bluetooth headphone maker, which has been in business for 12 years, is expected to lay off 100 workers.
Highland Holdings II LLC , a Bovey, Minnesota-based provider of electrical system solutions and manufactured wire harnesses, has signed a purchase agreement to acquire Precision Manufacturing Co. of Dayton, Ohio.