Rogers acquires Griswold LLC

|About: Rogers Corporation (ROG)|By:, SA News Editor

Rogers Corporation (ROG +2.3%) announced the acquisition of Griswold LLC for an undisclosed term. The transaction closed July 6.

“Griswold LLC is an outstanding strategic fit with Rogers’ Elastomeric Material Solutions business. This acquisition demonstrates continued execution on synergistic M&A, a core element of our strategy,” said Bruce Hoechner, Rogers’ President and Chief Executive Officer. “Like our recent DeWAL and Diversified Silicone Products acquisitions, the Griswold acquisition builds on our existing EMS platform of highly engineered materials and adds new products and capabilities to our EMS portfolio. We are excited Griswold is now a part of Rogers Corporation, and our focus has turned to a successful integration in the months ahead.”

The company expects the transaction to be accretive to 2019 earnings per share.

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