ANAHEIM, CALIF. - A father-and-son team repurchased Composites Horizons Inc. from Toray Industries Inc. Composites Horizons Presi-dent Thomas G. Hynes and his son, Jeffrey, vice president of marketing and sales, bought back the composite parts fabricating business and its 25,000 square-foot plant in Covina, Calif.
Toray purchased the company in January 1992 from the Hynes family, and sold it back March 23.
Materials supplier Toray became interested in Composites Horizons because of the firm's capability to make medical products in the companies' home markets - Toray in Japan, where it is headquartered in Ehime, and Composites Horizons in the United States.
``It was probably too soon for Toray to get into the parts business,'' Thomas Hynes said in an interview at SAMPE '95 in Anaheim.
Composites Horizons employs 50 and makes composite structures and components for commercial and military aircraft applications and carbon-fiber products for medical imaging.
Thomas Hynes purchased the company in 1981 from the estate of Ira Petker. The operation was a spinoff from the Azusa, Calif., operation of Aerojet General.