* Expects deal to add 20-30 cents to 2011 earnings
* Sees Curamik to increase presence in N. America, Asia
* To finance deal through borrowings and cash
Jan 3 Rogers Corp (ROG.N), a maker of specialty
materials for the portable communications industry, said it
will acquire electronic substrate products maker Curamik
Electronics GmBH for 116 million euros ($154.2 million) to
expand presence in the sustainable energy market.
Rogers expects the deal to add 20-30 cents to its 2011
earnings and $115-$125 million to its revenue for the year.
The company said it will finance the deal, expected to
close this week, through a combination of borrowings under
existing bank credit facilities and cash.
Eschenbach, Germany-based Curamik makes ceramic substrate
products used in the design on intelligent power management
devices for wind and solar energy converters and hybrid
electric vehicle systems.
The company, founded in 1983, gets 90 percent of its
revenue from North America and Asia.
Shares of Connecticut-based Rogers, which have gained 11
percent in value since reporting third-quarter results lagging
Wall Street on Nov. 1, closed at $38.25 on Dec. 31 on the New
York Stock Exchange.
(Reporting by Soham Chatterjee in Bangalore; Editing by