Rogers Corporation (NYSE: ROG) announced today that on April 30, 2009,
it completed the transaction on the previously announced intent to
acquire certain assets of MTI Global Inc.’s (Toronto: MTI.TO) silicones
business for US $7.4 million. These assets include product lines,
technology, and manufacturing equipment at MTI Global Inc.’s Bremen,
Germany and Richmond, Virginia, USA, plant locations.
Robert D. Wachob, Rogers’ President and CEO commented; “I am pleased to
complete this acquisition as it provides the Company with opportunities
to grow our current high performance silicone products and expand on the
newly acquired technologies. This will enhance our portfolio of
innovative materials solutions into existing and new markets to assist
in the overall growth of the Company.”
Rogers Corporation, headquartered in Rogers, CT, is a global technology
leader in the development and manufacture of high performance,
specialty-material-based products for a variety of applications in
diverse markets including: portable communications, communications
infrastructure, computer and office equipment, consumer products, ground
transportation, aerospace and defense. Rogers operates manufacturing
facilities in the United States (Arizona, Connecticut and Illinois),
Europe (Ghent, Belgium) and Asia (Suzhou, China). In Asia, Rogers’
maintains sales offices in Japan, China, Taiwan, Korea and Singapore.
Rogers has joint ventures in Japan and China with INOAC Corporation, in
Taiwan with Chang Chun Plastics Co., Ltd. and in the U.S. with Mitsui
Chemicals, Inc.
The world runs better with Rogers. ® www.rogerscorp.com
Safe Harbor Statement
Statements in this news release that are not strictly historical may be
deemed to be “forward-looking” statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements are based on management’s current expectations and are
subject to the many uncertainties that exist in the Company’s operations
and environment. These uncertainties, which include economic conditions,
market demand and pricing, competitive and cost factors, rapid
technological change, new product introductions, legal proceedings, and
the like, are incorporated by reference from the Rogers Corporation 2008
Form 10-K filed with the Securities and Exchange Commission. Such
factors could cause actual results to differ materially from those in
the forward-looking statements. All information in this press release is
as of May 4, 2009 and Rogers undertakes no duty to update this
information unless required by law.
Rogers Corporation
William J. Tryon, 860-779-4037
Manager of
Investor and Public Relations
FAX: 860-779-5509
william.tryon@rogerscorporation.com
