OTHER NEWS - Dec. 21, 1993
New Name Reflects New Lines: Morehouse Industries Inc. said it has changed its name to Summa Industries to reflect its move into new product lines and has approved a series of stock splits in which four Morehouse common shares become one share of Summa common stock. Summa Industries shares are scheduled to begin trading Wednesday on the Nasdaq market under the symbol SUIN. The company is not related to Summa Corp., the Las Vegas real estate development firm. In addition to its former core business of designing and building chemical and pigment processing machinery used in the paint, coatings and food processing industries, the Fullerton company makes industrial firefighting equipment, plastic components for conveyor systems and hydraulic cylinders for the aircraft industry. In its fiscal 1993, ended Aug. 21, the company reported a $713,000 profit on sales of $9.7 million.
