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Dolco Packaging Corp

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BUSINESS
February 6, 1996
Studio City-based Dolco Packaging Corp. said its stockholders will meet to consider whether to approve a planned merger with Packaging Acquisition Corp. Packaging Acquisition is jointly controlled by MST Partners L.P. and MST Offshore Partners C.V., a Dutch limited partnership. Dolco will be the surviving corporation.
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BUSINESS
March 12, 1996
Dolco Packaging Corp. in Studio City reported that its fourth-quarter profits more than doubled largely because of tax benefits, while the company's net income jumped 44% for all of 1995. The company, which makes plastic packaging products, said that its fourth-quarter net income rose to $3.2 million, compared to $1.5 million a year earlier as the company utilized $1.5 million in tax benefits. Sales in the fourth quarter rose 19% to $21.6 million, up from $18.
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BUSINESS
March 5, 1996
Dolco Packaging Corp., a Studio City maker of plastic foam packaging products, said it completed its merger with a company controlled by MST Partners L.P. and MST Offshore Partners C.V., a Dutch limited partnership. Dolco stockholders received $21 for each share of common stock and about $4.05 for each share of preferred stock.
BUSINESS
March 5, 1996
Dolco Packaging Corp., a Studio City maker of plastic foam packaging products, said it completed its merger with a company controlled by MST Partners L.P. and MST Offshore Partners C.V., a Dutch limited partnership. Dolco stockholders received $21 for each share of common stock and about $4.05 for each share of preferred stock.
BUSINESS
August 30, 1994
Dolco Packaging Corp., a Sherman Oaks-based maker of polystyrene foam and plastic packaging products, announced that its board has approved a 3-for-2 common stock split payable Sept. 30. The company has 971,637 common shares and 2.1 million preferred shares outstanding. After the split, there will be 1.4 million common shares.
BUSINESS
March 23, 1993
Dolco Packaging Corp., a Sherman Oaks-based maker of plastic-packaging goods, said it plans to redeem 7% of its preferred stock. The company plans to redeem 175,000 of the preferred shares for $4 a share, plus accrued and unpaid dividends. Holders of record April 30 will be eligible for the pro rata redemption, which is scheduled for June 1, Dolco said.
BUSINESS
May 3, 1994
Dolco Packaging Corp., a Sherman Oaks maker of plastic packaging, said its first-quarter profit rose 24% to $1.37 million, compared to a $1.11-million profit in the first quarter of 1993. Revenues for the quarter that ended March 31 were $17.1 million, an 8% increase from $15.8 million a year earlier. The company attributed the profit gain to broadening its product line to include more expensive specialty items, and to increased sales.
BUSINESS
April 28, 1992
Dolco Packaging Corp., a Sherman Oaks manufacturer of plastic packaging products that emerged from Chapter 11 bankruptcy reorganization last July, reported a return to profitability in the quarter ended March 31, despite an 8% decline in sales. Dolco's first-quarter profit was $522,000, on sales of $14.6 million. A year earlier, it lost $587,000 on sales of $16 million.
BUSINESS
May 23, 1989
Cooper Cos. has rescheduled its annual meeting of shareholders for July 18 from the previously scheduled July 6. The record date for the new meting is June 20 . . . Pan Am will not sign a confidentiality pact with Minneapolis-based NWA Inc. but still is considering making a bid for the parent company of Northwest Airlines, a Pan Am spokesman said . . . Olson Industries in Sherman Oaks said its Dolco Packaging Corp. subsidiary, which makes plastic packages used by fast-food chains and other firms, filed in Los Angeles for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code.
BUSINESS
May 2, 1995
Dolco Packaging Corp., a Studio City maker of plastic packaging, said its profit rose by 7% in the first quarter that ended March 31 to $1.47 million, up from $1.37 million for the first quarter a year ago. Revenues rose by 14% during the quarter, to $19.5 million from $17.1 million a year earlier. The company also said it has raised its prices since the first quarter last year, partly to offset the higher cost of raw materials.
BUSINESS
February 6, 1996
Studio City-based Dolco Packaging Corp. said its stockholders will meet to consider whether to approve a planned merger with Packaging Acquisition Corp. Packaging Acquisition is jointly controlled by MST Partners L.P. and MST Offshore Partners C.V., a Dutch limited partnership. Dolco will be the surviving corporation.
BUSINESS
November 7, 1995
Dolco Packaging Corp., a Studio City maker of plastic packaging, said its earnings were $1.05 million in the third quarter that ended Sept. 30, up 9% from $959,000. Sales were $20.13 million, up 24% from $16.29 million in the third quarter a year ago. For the first nine months of 1995, earnings were $3.69 million, up 12% from $3.29 million in the first nine months of the previous year. Nine-month sales were $59.87 million, up 23% from $48.79 million.
BUSINESS
August 1, 1995
Dolco Packaging Corp., a Studio City-based manufacturer of plastic packaging products, reported a 22% jump in net income for the second quarter that ended June 30. The company posted a profit of $1.17 million in the second quarter, compared to $959,000 in the same three-month period a year earlier. Sales climbed to $20.2 million, up 31% from $15.4 million a year earlier. For the first six months of the year, Dolco reported earnings of $2.64 million on sales of $39.
BUSINESS
May 2, 1995
Dolco Packaging Corp., a Studio City maker of plastic packaging, said its profit rose by 7% in the first quarter that ended March 31 to $1.47 million, up from $1.37 million for the first quarter a year ago. Revenues rose by 14% during the quarter, to $19.5 million from $17.1 million a year earlier. The company also said it has raised its prices since the first quarter last year, partly to offset the higher cost of raw materials.
BUSINESS
January 31, 1995
Dolco Packaging Corp., a Studio City-based manufacturer of packaging products, said it has won a three-year, $3.6-million contract from the Los Angeles Unified School District to supply polystyrene foam lunch trays. The company said 25% of the material used to make the trays will be recycled, a composition made possible by a federal Food and Drug Administration ruling last year that foam packaging used for serving food may contain recycled material.
BUSINESS
November 1, 1994
Dolco Packaging Corp., a Sherman Oaks-based manufacturer of plastic packaging products, reported a 13% jump in earnings in the third quarter. Dolco posted net income of $959,000 for the quarter that ended Sept. 30, compared to a profit of $850,000 a year earlier. Sales were $16.3 million in the recent quarter, up 4% from $15.6 million a year earlier. For the first nine months of 1994, Dolco posted earnings of $3.29 million on sales of $48.8 million, compared to a year-earlier profit of $2.
BUSINESS
May 11, 1993
Dolco Packaging Corp., a Sherman Oaks maker of plastic packaging products, said its first-quarter profit more than doubled on an 8% sales gain. For the three months ended March 31, Dolco's net income climbed to $1.1 million from $533,000 a year earlier. Sales grew to $15.8 million from $14.6 million. The increases resulted from an expanding product line and customer base, the company said. Also, the price of resin, a key raw material in Dolco's products, fell 3% during the quarter.
BUSINESS
August 30, 1994
Dolco Packaging Corp., a Sherman Oaks-based maker of polystyrene foam and plastic packaging products, announced that its board has approved a 3-for-2 common stock split payable Sept. 30. The company has 971,637 common shares and 2.1 million preferred shares outstanding. After the split, there will be 1.4 million common shares.
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