Flamemaster Buys More Shares in Perfectdata
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Flamemaster Corp., a Sun Valley producer of sealants and coatings, has increased its stake in Perfectdata Corp. to 575,000 shares or more than 16.9%, Flamemaster said.
Flamemaster previously owned 371,000 shares, or 10.9%, of the Simi Valley maker of computer and office-maintenance products. But in a recent filing with the Securities and Exchange Commission, Flamemaster said it bought the additional shares at an average price of $1.50 per share for investment purposes.
Additionally, Flamemaster said two top officers at Flamemaster, Joseph Mazin and Bruce Stuart, were elected to the five-member board at Perfectdata.
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