Pressac is also buying McGavigans, which makes dashboard graphics, for pounds 9.53m. The deal is being funded by a one-for-two rights issue at 85p per share.
Geoffrey White, chief executive, said the acquisition was in line with the 'car industry's desire to reduce its supplier base'.
Flying Flowers, which flies flowers from Jersey to customers in the UK, said third-quarter profits were pounds 267,000, up 222 per cent on the same period last year.
Third-quarter turnover at pounds 3m was 297 per cent up on last year. The company was floated in August 1993 at 65p per share. The share price rose 2p to 77p.
Country Casual Holdings lost pounds 1.5m before tax in the six months to 23 July, compared with a profit of pounds 117,000 in the comparable period last year. The loss per share was 4.97p. The interim dividend is being held at 1.41p.
McInerney Properties lost Ir pounds 465,000 (Ir pounds 1.77m) in the first half of 1994. No interim dividend is is being paid.Reuse content