Rogers to Acquire Curamik Electronics

Rogers Corp. has signed a definitive agreement to acquire 100 percent of the stock of Curamik Electronics GmbH, a manufacturer of power electronic substrate products headquartered in Eschenbach, Germany, for €116 million (subject to closing adjustments). The acquisition will be financed through a combination of borrowings under existing bank credit facilities and cash and is expected to close this week.

Curamik, founded in 1983, is the worldwide leader for development and production of direct copper bonded (DCB) ceramic substrate products used in the design of intelligent power management devices, such as Insulated Gate Bipolar Transistor (IGBT) modules. These devices enable a wide range of products including highly efficient industrial motor drives, wind and solar energy converters and hybrid electric vehicle drive systems. Most of Curamik’s products are manufactured using state-of-the-art automated processes in its facility located in Eschenbach, Germany.

Rogers' current strategy includes targeting three key strategic markets to drive its future success: sustainable energy, the internet, and mass transit. This acquisition is part of the company’s plan to add new growth platforms in these targeted strategic markets as over 90 percent of Curamik’s sales serve these markets with the majority in the high growth sustainable energy market, primarily in Europe. Rogers expects to be able to significantly increase Curamik’s presence in both North America and Asia through Rogers’ existing infrastructure.

Rogers