Market Overview

Rogers Purchases Dielectric and Lamination Manufacturing Assets in Chandler, Ariz.

  • Strategic asset purchase to support Advanced Connectivity Solutions
    (ACS) capacity expansion
  • Advantageously located near existing ACS operations in Chandler,
  • Expected to begin commercial production in 2019

(NYSE:ROG), a global leader in engineered material
solutions, announced the purchase of certain dielectric and lamination
manufacturing assets located in Chandler, Arizona from ISOLA USA Corp.
Rogers intends to use the purchased assets, which include real estate,
buildings and specified equipment, for capacity expansion for its
Advanced Connectivity Solutions (ACS) business. The purchase did not
include products, technology or other assets related to the seller's
continuing business operations.

"This asset purchase is part of our strategic expansion in ACS to meet
the expected demand growth in our Advanced Connectivity and Advanced
Mobility markets," said Bruce Hoechner, Rogers' President and Chief
Executive Officer. "We considered various global locations for our ACS
expansion, but the proximity of these assets to ACS' headquarters and
existing ACS manufacturing operations, plus the continuing support of
the city and state, drove our decision to select Chandler. We plan to
start upgrading the facilities and equipment immediately, and to have
the site ready for commercial production in 2019 to meet the expected
additional demand from our 5G and Advanced Driver Assistance Systems
(ADAS) customers."

The transaction closed August 28, 2018. Terms were not disclosed.

About Rogers Corporation
Corporation (NYSE:ROG) is a global leader in engineered materials to
power, protect, and connect our world. With more than 180 years of
materials science experience, Rogers delivers high-performance solutions
that enable clean energy, internet connectivity, and safety and
protection applications, as well as other technologies where reliability
is critical. Rogers delivers Power Electronics Solutions for
energy-efficient motor drives, e-Mobility and renewable energy;
Elastomeric Material Solutions for sealing, vibration management and
impact protection in mobile devices, transportation interiors,
industrial equipment and performance apparel; and Advanced Connectivity
Solutions for wireless infrastructure, automotive safety and radar
systems. Headquartered in Arizona (USA), Rogers operates manufacturing
facilities in the United States, China, Germany, Belgium, Hungary, and
South Korea, with joint ventures and sales offices worldwide.

Safe Harbor Statement
release contains forward-looking statements, which may concern our
plans, objectives, outlook, goals, strategies, future events, future net
sales or performance, capital expenditures, financing needs, future
restructuring, plans or intentions relating to expansions, business
trends and other information that is not historical information. All
forward-looking statements are based upon information available to us on
the date of this release and are subject to risks, uncertainties and
other factors, many of which are outside of our control, which could
cause actual results to differ materially from the results discussed in
the forward-looking statements. Risks that could cause such results to
differ include: failure to capitalize on, and volatility within, the
Company's growth drivers, including advanced mobility and advanced
connectivity; business, economic and political conditions in the United
States and abroad, particularly in China, South Korea, Germany, Hungary
and Belgium, where we maintain significant manufacturing, sales or
administrative operations; fluctuations in foreign currency exchange
rates; research and development efforts; competitive developments;
business development transactions and related integration
considerations; the outcome of ongoing and future litigation, including
our asbestos-related product liability litigation; inability to obtain
raw materials from single or limited source suppliers in a timely and
cost effective manner; and changes in laws and regulations applicable to
our business. For additional information about the risks, uncertainties
and other factors that may affect our business, please see our most
recent annual report on Form 10-K and any subsequent quarterly reports
on forms 10-Q filed with the Securities and Exchange Commission. Rogers
Corporation assumes no responsibility to update any forward-looking
statements contained herein except as required by law.

Additional Information
additional information, please contact the Company directly, via email
or visit the Rogers website.


View Comments and Join the Discussion!