DuPont to buy Rogers Corp and sell engineering polymers brands

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DuPont has agreed to acquire Rogers Corporation for $5.2 billion. Rogers’ engineered materials and components products include high-frequency circuit materials, ceramic substrates for power semiconductor devices, and high-performance foams. As part of its ongoing transformation, DuPont also announced that it intends to divest a substantial portion of its Mobility & Materials segment.

“With today’s announcements, we are sharpening our focus on high-growth, high-value opportunities in sectors with steady long-term secular growth trends where our global innovation leadership enables a competitive advantage,” said Ed Breen, executive chairman and chief executive officer of DuPont. “Moving forward, our portfolio will be centered on key pillars – electronics, water, protection, industrial technologies and next generation automotive. We are committed to investing in each of these pillars organically and through strategic acquisitions to maximise our capabilities in areas that enable our customers to grow by delivering next generation technologies and sustainable high value-added solutions.”

Rogers designs, develops, manufactures and sells high-performance and high-reliability engineered materials and components through its Advanced Electronics Solutions (AES) and Elastomeric Material Solutions (EMS) segments. Headquartered in Chandler, Arizona, Rogers has a workforce of more than 3,500 employees with a global network of 14 manufacturing sites in North America, Europe, and Asia and 2021 expected revenues of approximately $950 million.

Also, DuPont intends to divest a substantial portion of its mobility & materials segment. The businesses within the segment that are in-scope for intended divestiture are predominantly those in the engineering polymers and performance resins lines of business as well as the company’s stake in the DuPont Teijin Films joint venture. The in-scope product lines include Zytel, Delrin, Hytrel, Crastin, Vamac and Tedlar.