Group Boosts Stake in Standard Brands Paint

A group including two Standard Brand Paint Co.’s employee stock ownership plans has boosted its stake in the company to 21%, according to a filing with the Securities and Exchange Commission.

The SBP Leveraged Employee Stock Ownership Plan bought 5,000 shares of the Torrance-based company on July 22 for $14.50 each, raising the group’s holdings to 1.23 million of Standard Brand’s common stock.