Furon Sells NTN-Rulon Interest: Furon Co., the...
Furon Sells NTN-Rulon Interest: Furon Co., the Laguna Niguel-based producer of polymer and plastics products, said Monday that it completed the sale of its 45% interest in NTN-Rulon to its Japanese joint-venture partner, Osaka-based NTN Corp.
The $17-million transaction will allow Furon to reduce its long-term debt to $62 million, said Peter Churm, Furon’s chief executive officer. The firm has been selling assets to reduce its debts.
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