FURON SELLS FILTRATION PRODUCTS DIVISION
FURON SELLS FILTRATION PRODUCTS DIVISION LAGUNA NIGUEL, Calif., April 13 /PRNewswire/ -- Furon Co.
(NASDAQ: FCBN) today announced it has sold Filtration Products Division, based in Houston, to Filtration Products LTD., a newly formed corporation in Houston.
J. Michael Hagan, chairman and chief executive officer of Furon, said terms of the sale were not disclosed. Hagan said the divestiture is the second of six business units to be sold as part of the corporate restructuring plan announced in January. The restructuring will allow Furon to focus primarily on its materials technology operations. Furon Co., headquartered in Laguna Niguel, is a manufacturer of components from specialized polymer materials for the industrial market. The company serves a wide range of industries including petrochemical, aerospace, medical, transportation, pollution control and fluid power. -0- 4/13/92 /CONTACT: Mike Hagan or Ron Bissell of Furon, 714-831-5350; or Roger Pondel or Kim Feazle of Pondel Parsons & Wilkinson, 310-207-9300, for Furon/ (FCBN) CO: Furon Co. ST: California IN: CHM SU:
CH-KJ -- LA004 -- 7607 04/13/92 09:30 EDT
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|Date:||Apr 13, 1992|
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