Chris-Craft Industrial Products Inc. is suing its former president and his start-up distribution business.
James M. Rossman misappropriated trade secrets, breached confidentiality obligations and interfered with ``customer relationships through an unlawful conspiracy with several of CCIP's competitors,'' said a Chris-Craft statement.
Rossman said he is contesting the suit, filed in Cook County Circuit Court in Chicago. He was president of the firm for 10 years until he resigned in June. He worked there 18 years.
Rossman formed Cast Film Technology Inc. in July to distribute the polyvinyl alcohol films of several manufacturers, he said in a telephone interview. Cast Film leases space in an Island Lake, Ill., building.
Chris-Craft manufactures flexible film and distributes medical products. A Gary, Ind., plant makes film and hospital bags, and a site in Northbrook, Ill., distributes health-care products.
Most of Chris-Craft's films are based on PVOH polymers and are used in water-soluble packaging for pre-measured amounts of chemical compounds and in making water-soluble hospital laundry bags.
Parent firm Chris-Craft Industries Inc. of New York recorded 1997 sales of $464.6 million. The industrial products subsidiary accounted for $21.1 million of sales.