Rogers Corporation announced the acquisition of Griswold LLC, a manufacturer of custom-engineered cellular rubber and microcellular polyurethane foams, based in Moosup, CT, USA. The transaction closed on 6 July 2018. Financial details were not disclosed.
From vibration control to shock and impact absorption, sealing to non-skid solutions, Griswold’s products serve a variety of applications in the general industrial, electronics, automotive and consumer markets. Its cellular rubber products are available in natural rubber, neoprene, EPDM, nitrile, SBR, sponge/cork, electrostatic dissipative as well as custom-designed compounds. According to Rogers, the cellular rubber products will expand the portfolio of its Elastomeric Material Solutions (EMS) segment, while the microcellular PU products will increase the existing EMS capabilities.
“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.”
Headquartered in Arizona, USA, Rogers operates manufacturing facilities in the USA, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide.