Saint-Gobain Performance Plastics shopping Medex

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.