Calnetics Tentatively OKs Plastic Science Purchase

Calnetics Corp. in Chatsworth said it tentatively agreed to acquire most of the assets of Plastic Science Inc., a Corona-based maker of plastic injection-molding components.

Calnetics, which is a plastics manufacturer, said it agreed to pay cash but did not disclose the proposed price.

The deal is subject to, among other things, approval by Plastic Science’s stockholders and Calnetics’ directors. Calnetics said it expects to complete the purchase by July.

In its fiscal year ended June 30, 1991, Calnetics posted sales of $13.4 million. The company said Plastic Science’s 1991 sales were about $2 million.