Analysis
Rogers Corporation Completes Acquisition of Curamik Electronics GmbH
Rogers Corporation (NYSE: ROG) announced today that it has closed on the transaction to acquire Curamik Electronics GmbH, a manufacturer of power electronic substrate products headquartered in Eschenbach, Germany. As previously announced on January 3, 2011, Rogers signed a definitive agreement on December 31, 2010 to acquire 100% of the stock of Curamik Electronics GmbH for €116 million (subject to post closing audit adjustments).
Robert D. Wachob, Rogers’ President and CEO commented; “I am pleased to complete this acquisition as it provides the Company with significant opportunities to grow platforms in its targeted strategic markets.”