Align-Rite International Plans Public Stock Offering

Align-Rite International Inc., a Burbank-based maker of photo masks, is going public.

The company is offering 1.2 million shares, with stockholders offering an additional 600,000 shares, according to documents filed with the Securities and Exchange Commission.

The expected offering price is between $11 and $13 per share. The proceeds will be used to repay outstanding debt, acquire capital equipment and for general corporate purposes.

For fiscal 1995, the company reported a net income of $3.4 million, up from $1.7 million the year before.

Align-Rite’s products are used in the manufacture of integrated circuits.

The offering is being made through underwriters Kemper Securities Inc. and Cruttenden Roth Inc.

The company has applied to list its shares on the NASDAQ under the symbol MASK.