Rogers, Connecticut – Rogers Corp. has acquired Diversified Silicone Products Inc. (DSP), a custom silicone product development and manufacturing business, in a deal that closed on 6 Jan.
Rogers said in a news release that DSP expands its elastomeric material solutions business in cellular sponge and speciality extruded silicone profile technologies. The deal also strengthens its existing presence in precision-calendered silicone and silicone formulating and compounding.
Terms of the deal were not disclosed, but Rogers said 12-month trailing revenues for DSP were about $20 million (€18.5 million).
"The acquisition of Diversified Silicone Products, Inc., in combination with our recent DeWAL acquisition, demonstrates continued execution on our strategy to extend our engineered materials platforms, with the acquired companies generating approximately $70 million of annual revenues in total," Bruce Hoechner, president and CEO of Rogers, said in a statement.
"DSP provides additional silicone growth opportunities, adding solid silicone sheet and custom extruded profile product offerings, and will contribute additional revenues in attractive vertical end markets including aerospace, general industrial and life sciences. We look forward to creating significant value for our shareholders and customers with a successful integration in the months ahead," he added.
Rogers produces engineered materials for high-performance solutions that enable clean energy, internet connectivity, and safety and protection applications.