• American City Business Journals10 months ago

    ​Standard Pacific, Ryland complete merger, layoffs planned

    Homebuilders Standard Pacific Corp. and Ryland Group Inc. plan to cut about 10 percent of their combined workforce after their $5.2 billion merger closed Thursday. The merged company, now called CalAtlantic Group Inc.(CAA), will lay off workers in the coming months because of overlapping staff in nine divisions, spokeswoman Danielle Tocco told the Los Angeles Times. CalAtlantic, which has operations in 17 states, will maintain its headquarters in Irvine and northern Virginia, while Ryland’s Westlake Village headquarters will close.

  • Los Angeles Times10 months ago

    With merger closed, home builders Standard Pacific and Ryland to cut jobs

    Southern California home builders Standard Pacific Corp. and Ryland Group Inc. expect to lay off about 10% of their newly combined workforce after the companies' $5.2-billion merger closed Thursday.