Urethane Technologies Deal Called Off

A New York investment group has called off an agreement to provide $1.5 million for struggling plastics maker Urethane Technologies, the Orange company said Friday. Endeavour Capital Corp. decided to call off the arrangement, which would have given it an 80% stake in the plastics company, just three days after the deal was announced. Endeavour executives could not be reached for comment. Urethane, which has never turned a profit and has eliminated dozens of jobs over the last year, said the company’s future is in jeopardy unless it can find another funding source. “This has been an extremely difficult time for Urethane Technologies,” Chairman James D. Orefice said. “The funding promised by Endeavour Capital would have furnished critical assistance in our effort to turn the business around, grow and develop.”