Fullerton Unit Faces a $500,000 Shutdown Fee
- Share via
Ropak Corp., a Fullerton plastic packaging company, said Thursday that its earnings for the year ended Dec. 31 will be charged with a reserve for discontinued operations at one of its three wholly owned Japanese subsidiaries, Tokyo-Kaken Co. Ltd. The net cost of dissolving the operation is estimated to be $500,000.
Ronald Cameron, chief financial officer, said the subsidiary, with annual revenue of about $3 million, has been losing money. The unit was acquired by Ropak in 1986 as an entry into the Japanese market.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
