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 Jim Pattison Industries Ltd., one of a group of closely held companies 
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owned by entrepreneur James Pattison,
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 said 
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it intends to seek control of 30%-owned Innopac Inc., a Toronto packaging concern.
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 Jim Pattison Industries, a holding company with annual sales of about C$1.9 billion, largely from car dealerships and grocery stores, didn't elaborate on the statement, 
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and a company official declined further comment.
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 The company said 
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it currently holds about 4.2 million of Innopac's 13.8 million common shares outstanding,
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 which have an aggregate market value of about 137.8 million Canadian dollars 
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(US$117.3 million).
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 Separately, Innopac reported a fourth-quarter loss of about C$2.6 million, or 18 Canadian cents a share, 
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reflecting inventory write-downs.
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 The results made net income for the year 
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ended Aug. 31 
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C$2.7 million, or 20 Canadian cents a share, down from C$9.7 million, or 70 Canadian cents a share last year.
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 Revenue was C$291.6 million, up from C$252 million in 1988.
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 Martin Fabi, Innopac's president and chief executive, said 
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Innopac viewed Mr. Pattison's decision 
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to seek control
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 as a very positive move.
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 I'm happy 
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that he feels positively about our company, 
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he said. 
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Mr. Fabi wouldn't say directly 
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whether Mr. Pattison has disclosed potential terms for his planned bid for control.
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 Among other things, Innopac is involved in recycling polystyrene foam products
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 that are often used by fast food chains, such as McDonald's Corp., for food packaging. 
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A joint venture 
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involving units of Innopac and Mobil Corp.
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 earlier this year opened the first U.S. polystyrene recycling plant, in Leominster, Mass.
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