After World War II, Daniel and his brother Louis Kasen founded Peter Pan Records, in 1949, operating the label under SPC from then until 1970.
A spokesman said that Peter Pan records were designed purely for home use and therefore there was no reason to pay contributions to the fund.
In the 1960s SPC ventured into the Southern Gospel music arena when it hired former Oak Ridge Quartet member Ron Page to solicit groups to record for its Scripture label.
Under the SPC banner, one of their most successful records released was "My Son, The President", a comedy spotlighting then-president John F. Kennedy, his wife, Jacqueline Kennedy and their daughter, Caroline, that followed in the footsteps of Vaughn Meader's The First Family series of comedy records.
Despite record companies lowering their prices, Synthetic Plastics said they remained successful due to their cooperation with the stores that sold them.