Rogers (ROG), an engineered material services company, said Wednesday it has acquired DeWAL Industries, a manufacturer of polymer films and pressure sensitive tapes. Terms of the deal were not disclosed.
“DeWAL is a strong strategic fit within our EMS high-performance polyurethane and silicone materials business, expanding our portfolio to include PTFE and other materials for technologically advanced applications,” said Bruce Hoechner, chief executive officer of Rogers Corporation, said.
Trailing 12-month revenues for DeWAL were about $50 million, and Rogers’ expects profitability to be comparable to EMS’ current product lines, according to a company statement. The transaction is accretive to 2017 earnings per share.