ROGERS, Conn.—Rogers Corp. has acquired film and tape maker DeWAL Industries Inc. for an undisclosed price.
In a Nov. 23 news release, officials with Rogers said that DeWAL “is highly complementary” to their own Elastomeric Material Solutions business. The purchase will allow Rogers to increase its business in aerospace, electronics, and other industrial markets, they added.
DeWAL makes high-performance polymer films and pressure-sensitive tapes based on fluoropolymers and ultra-high molecular weight polyethylene. The Narragansett, R.I.-based firm posted sales of about $50 million in the previous 12 months.
The acquisition “represents an exciting step forward as we continue to execute on our longer-term growth strategy,” Rogers President and CEO Bruce Hoechner said in the release. He added that DeWAL “is a strong strategic fit” with Rogers' high-performance polyurethane and silicone materials business.
Rogers is a maker of urethane foams, fluoropolymer laminates and thermoplastic circuit materials. The firm posted sales of more than $640 million in 2015.