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April 18, 1995
Calnetics Corp., a Chatsworth-based maker of molded plastic fittings and tubing, said it has entered an agreement to acquire Richmond Holdings Inc. in a stock deal valued at about $16.9 million. Richmond, a Palm Springs-based company that manufactures packaging and grounding products for the electronics industry, will operate as a subsidiary of Calnetics when the transaction is complete, said Clinton Gerlach, president of Calnetics.
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BUSINESS
May 2, 1995
Calnetics Corp., a Chatsworth maker of molded plastic fittings and tubing, announced that it has called off its $16.9-million deal to acquire a Palm Springs company that manufactures packaging and grounding products for the electronics industry. The announcement came nine days after Calnetics revealed plans to purchase Richmond Holdings Inc. with about 3.2 million shares of common stock and to make the privately held company one of its subsidiaries.
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BUSINESS
May 2, 1995
Calnetics Corp., a Chatsworth maker of molded plastic fittings and tubing, announced that it has called off its $16.9-million deal to acquire a Palm Springs company that manufactures packaging and grounding products for the electronics industry. The announcement came nine days after Calnetics revealed plans to purchase Richmond Holdings Inc. with about 3.2 million shares of common stock and to make the privately held company one of its subsidiaries.
BUSINESS
April 18, 1995
Calnetics Corp., a Chatsworth-based maker of molded plastic fittings and tubing, said it has entered an agreement to acquire Richmond Holdings Inc. in a stock deal valued at about $16.9 million. Richmond, a Palm Springs-based company that manufactures packaging and grounding products for the electronics industry, will operate as a subsidiary of Calnetics when the transaction is complete, said Clinton Gerlach, president of Calnetics.
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