Sales for the second quarter, ended July 31, dropped 6% to $117.2 million.Д«loomberg News also contributed to this report. In the most recent quarter, the companyвЂ™s net income 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. Last week, Furon sold its wire and cable business to Marmon Group Inc.'s Cable USA unit. Two years ago, Furon expanded into the medical devices business when it bought Medex Co. It changed its name to Furon in 1990 and added adhesive and specialty tapes to its offerings. The company branched out into rubber and plastic products in the late 1970s and 1980s, growing both internally and through acquisitions. Furon Company is the worlds leader in the design and manufacture of specialized polymer components and parts for a wide range of applications in many. Originally named Fluorocarbon, the company made Teflon rings for the aerospace industry and later sold Teflon products to the chemical processing and electronics industries. George Angle, now in his 70s, founded the company in a Fullerton storefront in 1955. Lehman Brothers is acting as advisor to Furon. вЂњBy putting the two companies together, thereвЂ™s even more potential than either one had alone,вЂќ Tiss said. manufacturer of high-performance plastics, while Norton is particularly strong in Asia and Europe. market, said Joel Tiss, an analyst at Lehman Brothers in New York.ДЇuron is the leading U.S. The marriage also will expand NortonвЂ™s reach into the U.S. вЂњItвЂ™s a win-win proposition for both companies,вЂќ he said. The company Furon Advanced Components Division is listed in the following. NortonвЂ™s purchase of Furon, which has annual sales of $493.5 million, will allow it to lower raw material and other costs through economies of scale and to offer customers more products, said Christopher Bodnar of Bear, Stearns in New York. Furon Advanced Components Division 3711 SOUTH HUDSON STREET in Seattle, WA. Saint Gobain, the worldвЂ™s top glassmaker, is expanding into plastics because companies are moving into them more at the expense glass, metals and other materials. Officials at both companies declined to discuss whether Furon would keep its name or be swallowed up by Norton. Based on the acquisition price, his stake would be worth more than $19.4 million in the deal. Hagan, FuronвЂ™s largest individual shareholder, owns 761,253 shares, or 4% of the company, according to the most recent proxy. He will serve as a consultant to Norton for at least a year to help in the integration of the two companies. Hagan said, however, that he will step down after the deal closes.

Furon company