Rogers Corp. Completes Acquisition of MTI Global Inc. Silicones Business Assets

Rogers Corp. on May 4 announced that on April 30, it completed the transaction on the previously announced intent to acquire certain assets of MTI Global Inc.'s 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 Corp., headquartered in Rogers, CT, is a global technology company focusing on 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 Corp., in Taiwan with Chang Chun Plastics Co., Ltd. and in the U.S. with Mitsui Chemicals, Inc.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

Related terms: acquisition, aerospace, arizona, asia, belgium, business, ceo, chemicals, china, communications, computer, connecticut, consumer products, defense, europe, germany, illinois, japan, korea, manufacturer, manufacturing, plant, plastics, president, products, sales, singapore, taiwan, technology, transportation, virginia