Biltrite Raises Class B Stock Holdings in K-Swiss

The Biltrite Corp., a Waltham, Mass., manufacturer of rubber and plastic products, said it raised its stake in K-Swiss Inc., a Pacoima sneaker-maker to 33% of Class B shares in the company, according to a filing with the Securities and Exchange Commission.

Biltrite bought 384,097 shares Dec. 27 for a total of $3,841, raising its stake to about 1.29 million Class B shares. Each K-Swiss Class B share has 10 times the voting power of a Class A share, but the Class B shares do not trade publicly.