Rogers Inks Deal to Acquire Arlon

Rogers Inks Deal to Acquire Arlon

Rogers Corp.Rogers Corp. has signed a definitive agreement to acquire circuit material manufacturer Arlon, LLC for $157 million, subject to closing and post-closing adjustments. The transaction, which is subject to regulatory clearances, is expected to close in the first half of 2015. Rogers intends to finance the transaction through a combination of cash and borrowings under an existing bank credit facility.

The proposed acquisition of Arlon, currently owned by Handy & Harman Ltd, would position Rogers for additional growth in the telecommunications infrastructure, automotive, aerospace, and defense sectors. Arlon produces its circuit materials in Bear, Del.; Rancho Cucamonga, Ca.; and Suzhou, China.

Arlon would also bring new capabilities in precision-calendered silicones, silicone-coated fabrics, and specialty extruded silicone tapes. Used primarily for electrical insulation, these materials serve a wide range of high-reliability applications across many market segments, including aviation, rail, power generation, semiconductor, foodservice, medical, and general industrial. This product family is primarily manufactured at the firm’s Delaware location.

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