Rogers, Connecticut, January 23, 2015: Rogers Corporation (NYSE: ROG) (“Rogers”), a global leader in engineered materials solutions, announced today that it has closed on the transaction to acquire Arlon, LLC, (“Arlon”) from Handy & Harman Ltd. (NASDAQ: HNH), previously announced on December 19, 2014, for approximately $157 million, subject to final net working capital and other adjustments.
Arlon is a leading global producer of high frequency circuit materials and engineered silicones that are a complementary strategic fit with Rogers’ Printed Circuit Materials and High Performance Foams business segments.
Bruce D. Hoechner, President and CEO commented: “We are very pleased to formally welcome Arlon’s employees to the Rogers team. This acquisition provides Rogers with unique growth and diversification opportunities for two of our strategic businesses and aligns well with both our long-term strategy to grow through selective acquisitions, as well as through organic growth. We are excited to begin our work with Arlon’s team to expand our solutions and better serve our customers around the world.”
About Rogers Corporation
Rogers Corporation is a global leader in engineered materials to power, protect, and connect our world. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable clean energy, internet connectivity, advanced transportation and other technologies where reliability is critical. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, vehicle electrification and alternative energy; High Performance Foams for sealing, vibration management and impact protection in mobile devices, transportation interiors, industrial equipment and performance apparel; and Printed Circuit Materials for wireless infrastructure, automotive safety and radar systems. Headquartered in Connecticut (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide. For more information, visit www.rogerscorp.com