The Flamemaster Corp., a Sun Valley maker of sealants and coatings, and its affiliates have increased their stake in PerfectData Corp. to 33.3%, which gives the Flamemaster Group controlling interest in the Simi Valley company.
Flamemaster has been buying shares of PerfectData, a maker of computer and office-maintenance products, since early this year. In July, Flamemaster reported that it owned 833,500 shares, or about 24.4%, of PerfectData's outstanding shares. Flamemaster said its latest filing with the Securities and Exchange Commission shows it has since bought an additional 320,500 shares in the open market at prices ranging from $1.11 to $1.56 a share.
