M&A Deal Summary

Rogers Acquires SK Utis Co.

On March 31, 2010, Rogers acquired chemicals company SK Utis Co. from SK Discovery for 29M USD

Acquisition Highlights
  • This is Rogers’ 1st transaction in the Chemicals sector.
  • This is Rogers’ 3rd largest (disclosed) transaction.
  • This is Rogers’ 1st transaction in South Korea.

M&A Deal Summary

Date 2010-03-31
Target SK Utis Co.
Sector Chemicals
Buyer(s) Rogers
Sellers(s) SK Discovery
Deal Type Divestiture
Deal Value 29M USD

Target

SK Utis Co.

Seoul, South Korea
SK Utis is a supplier of technically advanced polyurethane foam solutions to leading Korean OEMs.

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Buyer(S) 1

Buyer

Rogers

Chandler, Arizona, United States

Category Company
Founded 1832
Sector Electronics
Employees3,350
Revenue 803M USD (2020)
DESCRIPTION

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.


DEAL STATS #
Overall 2 of 8
Sector: Chemicals M&A 1 of 2
Type: Divestiture M&A Deals 2 of 3
Country: South Korea M&A 1 of 1
Year: 2010 M&A 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-30 MTI Global - Silicones Business

Canada

MTI Global - Silicones Business include product lines, technology, and manufacturing equipment.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-03 Curamik Electronics

Eschenbach, Germany

Curamik is a producer of direct copper bonded (DCB) ceramic substrate products used in the design of intelligent power management devices, such as Insulated Gate Bipolar Transistor (IGBT) modules. These devices enable a wide range of products including highly efficient industrial motor drives, wind and solar energy converters and hybrid electric vehicle drive systems.

Buy €116M

Seller(S) 1

SELLER

SK Discovery

Seongnam, South Korea

Category Company
Founded 1969
Sector Chemicals
Revenue 9.04T KRW (2024)
DESCRIPTION

SK Discovery is a provider of chemical products. SK Discovery was founded in 1969 and is based in Seongnam, South Korea.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: South Korea M&A 1 of 1
Year: 2010 M&A 1 of 1
Size (of disclosed) 1 of 1