Flamemaster Increases Its Stake in PerfectData
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Flamemaster Corp., a Sun Valley specialty chemicals manufacturer, said it increased its stake in PerfectData Corp. to 371,000 shares, or about 10.9% of the total outstanding.
In a filing with the Securities and Exchange Commission, the company said it bought the shares in PerfectData--a Simi Valley-based maker of computer, office care and maintenance products--at prices ranging from $1.50 to $1.65 a share. It said the share purchase was for investment purposes.
For the second quarter that ended March 31, Flamemaster earned $124,000 on revenue of $891,000. It manufactures such products as sealants, adhesives and coatings.
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