Connecticut-based Rogers Corp. has entered into an agreement to acquire Arlon LLC for $157 million, pending regulatory approvals. The deal will not affect Arlon Graphics LLC, which is a separate company that makes graphic films for the signage and commercial graphics industry.
Founded in 1832 as a paper mill, Rogers Corp. is a manufacturer of specialty products that include high-performance foams and advanced circuit materials, and its customers include companies in the wireless communications, power electronics, clean technology, consumer electronics and transportation industries.
Bill Tryon, Rogers’ director of investor relations and public relations, says Arlon LLC’s two divisions-the Materials for Electronics and Silicon Technologies divisions-complement the products Rogers Corp. makes.
Arlon LLC is currently owned by New York-based Handy & Harman. The deal is expected to close in the first half of 2015, pending approval, Tryon says.
Arlon Graphics LLC was formed in 2011 when FLEXcon Co. of Spencer, Massachusetts bought out the graphics division of Arlon LLC. Arlon Graphics, which makes pressure-sensitive vinyl films, recently underwent a rebranding campaign and has moved its manufacturing into an upgraded facility in its home city of Placentia, California.