Rogers Corporation (“Rogers”), a global engineered materials solutions provider, has acquired Arlon from Handy & Harman for approximately $157m.
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.”
Revenue and operating income for the Arlon segment of Handy & Harman. were $100.4m and $16.7m, respectively, for the trailing twelve months ended September 30, 2014 (compiled based on information reported by Handy & Harman Ltd. in Forms 10-K and 10-Q filed with the Securities and Exchange Commission). Rogers expects the transaction to be accretive to operating income in 2015, excluding the impact of purchase accounting and transaction costs.