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Rainbow Industrial Products

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BUSINESS
December 5, 2000
* Torrance-based Summa Industries has acquired the belt and chain division of privately held Rainbow Industrial Products Corp. for $5.8 million in cash. Summa, which makes engineered industrial plastic components, said the deal would add 2 cents per share to its earnings for the nine-month period ending Aug. 31. Reading, Pa.-based Rainbow is a maker of injection-molded modular plastic conveyor belts and chains.
ARTICLES BY DATE
BUSINESS
December 5, 2000
* Torrance-based Summa Industries has acquired the belt and chain division of privately held Rainbow Industrial Products Corp. for $5.8 million in cash. Summa, which makes engineered industrial plastic components, said the deal would add 2 cents per share to its earnings for the nine-month period ending Aug. 31. Reading, Pa.-based Rainbow is a maker of injection-molded modular plastic conveyor belts and chains.
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