June 6, 1992 |
Ropak Corp., a designer and manufacturer of containers, said Friday that a competitor's contempt-of-court claim in a patent lawsuit was rejected by a federal judge in Detroit, enabling Ropak to continue selling its version of a collapsible shipping bin. U.S. District Judge Julian Cook decided that Ropak had not violated an earlier injunction by modifying and selling the shipping container at issue in the patent suit.
May 27, 1992 |
A British ally of Ropak Corp., a plastic-packaging manufacturer, has purchased a 9% block of its common stock for about $1.65 million. The Linpac Group, based in Louth, Lincolnshire, on England's eastern coast, bought the stock from two institutional investors, Massachusetts Mutual Life Insurance Co. and Mass Mutual Corporate Investors. Ropak said the shares were priced at $4.50 each. In over-the-counter trading Tuesday, Ropak shares closed unchanged at $5.25.
July 22, 1992 |
Ropak Corp. said Tuesday that, after cutting operating costs and launching a program to attract new customers nationally, it more than doubled its earnings in the second quarter. The designer and manufacturer of plastic containers posted a second-quarter profit of $1.59 million, or 37 cents a share. That was up 132% from $685,000, or 16 cents a share, in the same period last year. Sales for the quarter rose moderately to $29.1 million, up 5% from $27.8 million a year earlier.