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BUSINESS
October 29, 1992
Ropak Corp. said Wednesday that it has received 309,104 common shares of InVitro International to settle royalties and debt InVitro owes the Fullerton manufacturer. Ropak also announced that it will write down a 1-million share investment in InVitro at a value of $1 a share. As part of the move, a charge of $1.7 million will be made against third-quarter earnings. Ropak will now hold 1.3 million shares of InVitro's common stock, or 24%.
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BUSINESS
October 29, 1992
Ropak Corp. said Wednesday that it has received 309,104 common shares of InVitro International to settle royalties and debt InVitro owes the Fullerton manufacturer. Ropak also announced that it will write down a 1-million share investment in InVitro at a value of $1 a share. As part of the move, a charge of $1.7 million will be made against third-quarter earnings. Ropak will now hold 1.3 million shares of InVitro's common stock, or 24%.
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BUSINESS
February 24, 1985
Feeling the financial pinch of expansion, including the startup costs of a new plant, Ropak West Inc., announced Friday a 15% fourth-quarter earnings drop and a 25% earnings decline for its 1984 fiscal year. The Fullerton-based producer of plastic shipping pails reported net income of $119,428 for the fourth quarter ended Dec. 31, 1984, compared to net income of $140,344 during the same period the year before.
BUSINESS
February 24, 1985
Feeling the financial pinch of expansion, including the startup costs of a new plant, Ropak West Inc., announced Friday a 15% fourth-quarter earnings drop and a 25% earnings decline for its 1984 fiscal year. The Fullerton-based producer of plastic shipping pails reported net income of $119,428 for the fourth quarter ended Dec. 31, 1984, compared to net income of $140,344 during the same period the year before.
BUSINESS
May 21, 1985
Ropak West Inc., an Anaheim-based producer of plastic shipping containers, has changed its name to Ropak Corp. Chairman William Roper said the name change was approved by company shareholders at their annual meeting. Computer giant Burroughs Corp. will be moving its business machine division from Irvine and its education division from Pasadena to a new regional headquarters in Laguna Hills next month.
BUSINESS
April 17, 1985
Benefiting from its recent acquisition of two potential competitors, Ropak West Inc. of Fullerton said its 1985 first-quarter earnings totaled $230,000, up 15% from the $199,400 reported for the first three months of 1984. The company, a producer of plastic shipping and storage containers, said first-quarter revenues rose 74% to a record $5.8 million from the $3.3 million reported a year ago. Ropak's first-quarter results include two months' contribution of the two companies Ropak acquired Feb.
BUSINESS
September 18, 1992 | TED JOHNSON, SPECIAL TO THE TIMES
Ropak Inc. said Thursday that it has settled a patent infringement suit filed by a competing firm over a line of collapsible shipping bins. Perstorp Xytec Inc. of Tacoma, Wash., will grant Ropak a non-exclusive license to Xytec's patents on the bin. In exchange, the Fullerton designer and maker of containers will pay Perstorp Xytec $1.4 million over the next three years. The license is effective until 2004, when the patents on the product are due to expire.
BUSINESS
March 10, 1993
Ropak Corp., a manufacturer of plastic packaging products, said Tuesday that it has agreed to acquire two plastic container operations near Toronto in a deal valued at a minimum of $8.7 million. Ropak's subsidiary, Ropak Canada Inc., will acquire a plastic pail operation from Vulcan Packaging Inc. in exchange for a $5.2-million note with a 7.5% interest rate. The note can be converted into Ropak stock at $9 per share.
BUSINESS
March 26, 1992 | ANNE MICHAUD, SPECIAL TO THE TIMES
DVI Health Services, which once issued stock through a New York brokerage that the government recently charged with fraud, said Wednesday that it will issue 2 million more common shares through other brokers. DVI hopes to raise up to $30 million to repay short-term debt in a revolving credit account, said David Higgins, president of Irvine-based DVI, a provider of health-care services and financial services to the medical industry.
BUSINESS
February 26, 1991 | CRISTINA LEE, TIMES STAFF WRITER
Ropak Laboratories Inc., a developer of laboratory tests that offer an alternative to live-animal testing, said Monday that it plans to raise $6.75 million in its first offering of stock to the public. Ropak Labs has developed a laboratory test that mimics human eye and skin responses to determine the safety of cosmetic and household products. The company's Eytex and Skintex tests are used by more than 100 customers and distributors through Ropak Corp., its Fullerton-based distributor.
BUSINESS
June 18, 1991 | JOHN MEDEARIS, TIMES STAFF WRITER
Ventura Entertainment Group's common stock briefly plunged last week on the news that a securities firm that has performed investment banking services for the company is being investigated by the Securities and Exchange Commission. Ventura Entertainment's shares fell $1.125 to $1.375 bid on June 10, after it was learned that the SEC was investigating Stratton Oakmont Inc., which is based in Lake Success, N.Y. By Monday, however, Ventura Entertainment's shares had rebounded to $2.375 bid.
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