Rodan Sold to Selas
ANAHEIM — Ketema Inc.’s Rodan division has been sold to Selas Corp. of America in Pennsylvania for $4.75 million in cash, plus up to $1 million in common stock tied to future performance.
Anaheim-based Rodan makes Surge-Gard products, which limit electric current to protect computer installations. Rodan, which had $6.4 million in sales in its last fiscal year ended Feb. 28, 1996, will be named RTI Electronics. Its current management team will remain, Selas said.
