Flamemaster, PerfectData to Buy El Guapo Stake

Sun Valley-based Flamemaster Corp., and PerfectData Corp., of Simi Valley, are acquiring an 8% equity stake in El Guapo Spices of Los Angeles.

The two companies are part of a larger group that will provide $750,000 in the form of a secured loan agreement.

The joint venture will help El Guapo expand its Internet market presence. Flamemaster and PerfectData are seeking a greater Internet presence through joint ventures and by acquiring stakes in companies offering Internet retailing and content.

Flamemaster, which makes specialty chemicals and adhesives--and owns just under 20% of PerfectData--posted a nearly 20% gain in earnings for the nine months that ended June 30.

PerfectData, which designs computer, office care and maintenance products, reported a $72,000 loss for the period ended June 30.