Add-on Acquisition • Electronics

DuPont Acquires Rogers

On November 2, 2021, DuPont acquired electronics company Rogers for 5.2B USD

Acquisition Context
  • This is DuPont’s 1st transaction in the Electronics sector.
  • This is DuPont’s 4th largest (disclosed) transaction.
  • This is DuPont’s 15th transaction in the United States.
  • This is DuPont’s 1st transaction in Arizona.

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M&A Deal Summary

Date November 2, 2021
Target Rogers
Sector Electronics
Buyer(s) DuPont
Deal Type Add-on Acquisition
Deal Value 5.2B USD
Advisor(s) J.P. Morgan Securities (Financial)
Covington & Burling
Hinckley, Allen & Snyder (Legal)

Target Company

Rogers

Chandler, Arizona, United States
Rogers develops and manufactures high performance specialty materials focusing on the wireless communications and computer markets. Rogers was founded in 1832 and is based in Chandler, Arizona.
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Buyer Overview 1

Buyer

DuPont

Wilmington, Delaware, United States

Category Company
Founded 2015
Sector Chemicals
Employees24,000
Revenue 12.4B USD (2024)
DESCRIPTION
Entrance to DuPont's corporate headquarters in Wilmington, Delaware.
Entrance to DuPont's corporate headquarters in Wilmington, Delaware.

DuPont is a global chemicals provider and is involved across a range of disciplines, including agriculture and industrial biotechnology, chemistry, biology, materials science and manufacturing. DuPont operates globally and offers a wide range of innovative products and services for markets including agriculture and food, building and construction, electronics and communications, general industrial, and transportation. DuPont de Nemours was founded in 2015 and is based in Wilmington, Delaware.


Deal Context for Buyer #
Overall 18 of 20
Sector: Electronics 1 of 1
Type: Add-on Acquisition 8 of 10
State: Arizona 1 of 1
Country: United States 15 of 17
Year: 2021 2 of 2
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Laird Performance Materials

Shanghai Shi, China

Laird Performance Materials designs and manufactures customized performance-critical components and systems for advanced electronics and wireless products. Laird Performance Materials is based in Shanghai Shi, China.

Buy $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-18 DuPont s Mobility & Materials Business

Wilmington, Delaware, United States

DuPont's Mobility & Materials (“M&M”) Business is a producer of engineering thermoplastics and elastomers serving a variety of end-uses including automotive, electrical and electronics, consumer goods, and industrial applications. The M&M product portfolio includes numerous specialty materials with global leadership positions in nylons (PA 66, PA 6), specialty nylons (HPPA, LCPA, filaments), polyesters (PET and PBT), and elastomers (TPC and EAE). The M&M portfolio is highly functionalized to meet a wide variety of application specifications and is supported by a leading intellectual property portfolio and technology organization.

Sell $11M