From Rubber & Plastics news
ROGERS, Conn. (Feb. 3)–Rogers Corp has bought a South Korean maker of fuel tank level-sensing floats, complementing and enhancing Rogers’ existing presence in this nitrile-rubber-based business.
Rogers paid about $3.5 million for KF Inc., a Hwasung City, South Korea-based producer of nitrile butadiene rubber floats, through a stock purchase. KF, which generated $3 million in sales last year, will become Rogers’ Asian center for prototyping and small volume production.
It also will supply raw materials for floats to a Rogers facility…