Furon Completes Sale of Wire and Cable Unit
(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 $493.5 million in the most recent fiscal year. Marmon Group is an association of manufacturing and service companies with sales totaling more than $6 billion.
