NEW YORK (June 7)—Medical device product maker Medex Inc. is on the selling block. The subsidiary of the former Furon Co., which was purchased by Paris-based Compagnie de Saint-Gobain subsidiary Norton Co. for about $617 million in October, was quietly put up for sale earlier this year by its new parent, a spokesman acknowledged. While many company officials attending the Medical Design & Manufacturing East Exposition in New York wouldn´t discuss the sale, one said Hilliard, Ohio-based Medex doesn´t fit with the firm´s growing concentration on its diverse core businesses. A deal could be announced within the next month or two, the spokesman said.
Saint-Gobain Performance Plastics shopping Medex
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