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BUSINESS
April 8, 1993
Furon Co. said Wednesday that Boeing Co. in Seattle has awarded it two five-year contracts, valued at more than $14 million, to provide specialized aircraft parts. Furon, based in Laguna Niguel, makes rubber and plastic parts for other manufacturers. Under the new agreements, Furon will supply duct assemblies for Boeing's 737, 747, 757 and 767 models. The ducts are used in environmental control systems, which provide heating and air conditioning inside the planes.
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BUSINESS
February 2, 2000 | (Daryl Strickland)
Furon Corp. has bought an industrial building in Garden Grove for $13.7 million, the largest amount ever paid for a manufacturing site in that city, a brokerage firm said Tuesday. Furon, a Laguna Niguel maker of high-performance plastics, bought the 182,000-square-foot building on 13 acres from the bankruptcy estate of Techmedia Computer Group and its owner, Andrew Park.
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BUSINESS
February 6, 1996
Furon Co., a manufacturer of plastic components, said it completed the purchase of AlliedSignal Inc.'s Fluorglas unit for about $19 million in cash. Furon said it was buying the New York-based maker of Teflon products, tape and laminates to help expand its customer base in the aerospace and electronics industries. Furon, which makes polymer products for aircraft, automobile and computer manufacturers, employs about 2,200 people and will take on 200 workers from Fluorglas.
BUSINESS
November 23, 1999 | Times staff and Dow Jones
With its sale to a unit of a French company, specialty plastics maker Furon Co. in Irvine ended its role as a public company Monday, filing a certificate to terminate is registration with the Securities and Exchange Commission. Norton Co. of Valley Forge, Pa., a subsidiary of Compagnie de Saint-Gobain in Paris, said Monday that it has completed its $617-million acquisition of Furon. Under terms of a tender offer, Norton set aside $472 million in cash to buy Furon stock at $25.50 a share.
BUSINESS
September 21, 1999 | MARC BALLON, TIMES STAFF WRITER
Furon Co., a Laguna Niguel developer of specialty plastic products for the commercial and health care markets, is being acquired by the world's top glassmaker in a transaction valued at $501 million, the companies announced Monday. The acquisition by Norton Co., a unit of France's Compagnie de Saint Gobain, will create one of the world's biggest manufacturers of high-performance plastics used in the electronics, automotive, medical and food and beverage industries.
BUSINESS
November 14, 1996 | JOHN O'DELL, TIMES STAFF WRITER
Furon Co., a leading manufacturer of plastic and rubber products for industry, said Wednesday that it has agreed to acquire Ohio health-care products maker Medex Inc. for cash as part of a diversification strategy. After the merger with Medex, which had $99.3 million in sales for the fiscal year ended June 30, Furon's total annual sales would be about $450 million. Medical components and products would account for about 23% of the total--up from 3% now. J.
BUSINESS
June 1, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
It's a simple case of mistaken identity. But it has become an identity crisis. So says VSI Fasteners. The 35-year-old, Stanton-based company said Thursday that its reputation is being unfairly tarnished because it is being confused with VSI Corp. and that firm's subsidiary, Voi-Shan Industries of Culver City. VSI Corp.
BUSINESS
March 24, 1995 | TOM PETRUNO
It's probably safe to assume that James S. Marlen didn't become chief executive of Ameron Inc. for the glamour and romance. A self-described "world leader in pipe technology," Pasadena-based Ameron makes more than 30 kinds of giant fiberglass, concrete and steel pipes that carry oil, water or anything else that needs to get from Point A to Point B in quantity. The firm also makes protective epoxy and polyurethane coatings used on large structures like office towers, ships and bridges.
BUSINESS
June 4, 1999
The Laguna Niguel manufacturer of engineered polymer components for the commercial and health-care markets said net income for the first fiscal quarter ended May 1 rose 9% to a record $5.9 million, or 32 cents a share, from $5.4 million, or 29 cents a share, for the same period last year. Sales increased 1% to $121.4 million from $119.8 million.
BUSINESS
March 5, 1998 | Dow Jones
Furon Co. said it has completed a private placement of $125 million of notes due 2008. The notes bear interest at 8.13% per year, payable semi-annually, Furon said. The company said the net proceeds from the offering, which totaled about $121.7 million, will be used to repay a portion of Furon's existing debt. Furon designs, develops and manufactures products made primarily from polymer materials for the industrial and health care markets.
BUSINESS
October 19, 1999 | Dow Jones
Norton Co.'s planned acquisition of Laguna Niguel-based Furon Co. received U.S. antitrust approval and German regulatory approval, Furon said Monday. Norton, a unit of France's Compagnie de Saint Gobain, began a tender offer of $25.50 a share on Sept. 24 for Furon, which makes specialty plastic products for the commercial and health-care markets. The offer is scheduled to expire Friday.
BUSINESS
September 21, 1999 | MARC BALLON, TIMES STAFF WRITER
Furon Co., a Laguna Beach developer of specialty plastic products for the commercial and health-care markets, is being acquired by the world's top glass maker in a transaction valued at $501 million, the companies said Monday. The acquisition by Norton Co., a unit of France's Compagnie de Saint Gobain, would create one of the world's biggest manufacturers of high-performance plastics used in the electronics, automotive, medical and food and beverage industries.
BUSINESS
September 21, 1999 | MARC BALLON, TIMES STAFF WRITER
Furon Co., a Laguna Niguel developer of specialty plastic products for the commercial and health care markets, is being acquired by the world's top glassmaker in a transaction valued at $501 million, the companies announced Monday. The acquisition by Norton Co., a unit of France's Compagnie de Saint Gobain, will create one of the world's biggest manufacturers of high-performance plastics used in the electronics, automotive, medical and food and beverage industries.
BUSINESS
September 16, 1999 | (Dow Jones)
Furon Co. said it completed the sale of its Dekoron wire and cable business to Marmon Group Inc.'s Cable USA unit. Financial terms weren't disclosed. Dekoron sells signal and sensing wire and cable as well as other products used primarily in such industries as petrochemicals, utilities, mining and waste-water treatment. In the fiscal year ended Jan. 31, Dekoron products generated sales of $29 million. Laguna Niguel-based Furon, which makes engineered polymer components, had total sales of $493.
BUSINESS
September 4, 1999 | Dow Jones
Furon Co. said it agreed to sell its Dekoron wire and cable business to Marmon Group Inc.'s Cable USA unit. Financial terms weren't disclosed. Dekoron sells signal and sensing wire and cable as well as other products used primarily in such industries as petrochemicals, utilities, mining and waste water treatment. The business generated sales of $29 million for the fiscal year ended Jan. 31. Laguna Niguel-based Furon, which makes engineered polymer components, had total sales of $493.
BUSINESS
August 25, 1999
Furon Co., the Laguna Niguel manufacturer of health care and industrial products from high-performance polymers, reported that net income for the second fiscal quarter ended July 31 rose 20% to a record $7.1 million, or 38 cents a share, from $5.9 million, or 32 cents a share, a year ago. Sales dropped 6% to $117.2 million.
BUSINESS
January 21, 1997
Furon Co. said Monday it has completed its acquisition of Medex Inc., an Ohio-based manufacturer of infusion systems and other medical products, for $160 million, or $23.50 a share. Furon said Medex had sales of $99.3 million for its fiscal year ended June 30, 1996. Furon said the transaction was funded through existing cash and bank financing. Furon produces engineered polymer components for the health-care and other industries.
BUSINESS
May 20, 1998 | Dow Jones
Furon Co. of Laguna Niguel said it has completed its acquisition of privately held Corotec GmbH, a medical-device supplier based in Germany. Terms of the cash deal weren't disclosed. Furon said Corotec has annual sales of about $20 million. Furon, which makes engineered polymer components for the industrial and health-care markets, had sales of $486 million for the year ended Jan. 31.
BUSINESS
June 4, 1999
The Laguna Niguel manufacturer of engineered polymer components for the commercial and health-care markets said net income for the first fiscal quarter ended May 1 rose 9% to a record $5.9 million, or 32 cents a share, from $5.4 million, or 29 cents a share, for the same period last year. Sales increased 1% to $121.4 million from $119.8 million.
BUSINESS
March 25, 1999 | Bloomberg News
Furon Co.'s stock gained 14% Wednesday, a day after the Laguna Niguel company posted fourth-quarter earnings that exceeded analysts' estimates. The shares closed at $13.38, up $1.63, on the New York Stock Exchange on volume of 157,100 shares, about six times above average. At one point in the session, the stock traded as high as $14 a share.
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