Companies Combine Manufacturing Capabilities to Meet Customer Demand for Material Innovation

Moosup, CT – May 22, 2019 – Griswold, LLC, a leading manufacturer of custom-engineered cellular elastomer and high-performance polyurethane, announced today that Dave Sherman will lead the company’s product development efforts in their next phase as part of Rogers Corporation. Griswold is known for collaborating with its customers to fabricate solutions to meet design requirements in diverse markets such as automotive, electronics, mass transportation, construction and consumer. The company was acquired by Rogers in July, 2018.

Since the acquisition, the two companies have shared best practices in their business process to most efficiently and effectively serve their customers. Combined initiatives include sharing employee safety programs; integrating new product development resources and capabilities by blending Griswold’s approach to innovation with Rogers’ technology; and training Rogers’ global technical sales force to represent the Griswold product lines.

“Rogers saw in Griswold a company with the people, products and spirit of innovation that fit perfectly with our long-range business goals,” said Sherman. “Together we are a stronger company and I am excited to see how our combined resources will benefit both our customers and employees.”

A veteran in the materials solutions business, Sherman’s experience involves a wide variety of foams including polyethylene, polypropylene, EVA, rubber, polyurethane, silicone, and melamine. As senior product line manager at Rogers Corporation, he is responsible for understanding the markets, customers, and applications served in order to lead the development of new products, price products accordingly, and manage the commercial process to satisfy customers.  His role also involves the development of literature, product guides, web site content, samples, and demos that help customers understand how the company’s products can help solve their toughest problems.

Sherman has a chemical engineering degree from MIT and an MBA from RPI, as well as over 30 years of experience in the business of developing material solutions to meet demanding customer needs.

About Rogers Corporation

Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect and connect our world. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable advanced connectivity and advanced mobility applications, as well as other technologies where reliability is critical. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, vehicle electrification and alternative energy; Elastomeric Material Solutions for sealing, vibration management and impact protection in mobile devices, transportation interiors, industrial equipment and performance apparel; and Advanced Connectivity Solutions for wireless infrastructure, automotive safety and radar systems. Headquartered in Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary and South Korea, with joint ventures and sales offices worldwide. For more information, visit www.rogerscorp.com.

FlameSafe™ Will Expand Griswold’s Capabilities in Applications Needing UL Approval Such as Appliances, Robotics, and Industrial Enclosures.

Novi, MI, March 26, 2019 —Rogers Corporation announces the launch of their new line of continuous natural rubber sponge, Griswold® FlameSafe™, the world’s first such family of materials to meet the UL HBF flame rating specification. The new rubber product is non-halogenated, RoHS–compliant, and maintains the same strong grip, resiliency, and vibration damping as the company’s traditional sponge offering, now coupled with flame resistance.  Anticipated to significantly enhance a device’s ability to secure necessary UL ratings – essential for bringing an application to market – the Griswold FlameSafe line of products is also sustainable and recyclable.

“For decades, Griswold has been known as a leading manufacturer of standard and custom engineered cellular rubber products worldwide,” said Dave Sherman, Senior Product Line Manager at Rogers Corporation, Griswold’s parent company. “The company has earned a reputation for delivering quality engineered products and is now thrilled to have received the UL rating for our new FlameSafe line. With this advanced product line designers can utilize the great properties of natural rubber, like great grip and wear in friction components, with vibration and noise damping properties in applications which require UL approval, such as appliances, robotics, and industrial enclosures.”

Griswold FlameSafe products will be available in multiple firmness and thickness options, varying from 3mm to 1/2″ materials.

About Rogers Corporation

Rogers Corporation (NYSE:ROG) is a global technology leader in engineered materials to power, protect, and connect our world. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable clean energy, Internet connectivity, advanced transportation and other technologies where reliability is critical. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, vehicle electrification, and alternative energy; Elastomeric Material Solutions for sealing, vibration management, and impact protection in mobile devices, transportation interiors, and performance apparel; and Advanced Connectivity Solutions materials for wireless infrastructure, automotive safety and radar systems. Headquartered in Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide. For more information, visit www.rogerscorp.com

Moosup, CT, 07/10/2018

  • Acquisition increases and broadens Rogers’ engineered materials leadership
  • Highly complementary, strategic fit with Rogers’ Elastomeric Material Solutions business
  • Expected to be accretive to 2019 earnings per share

Chandler, Arizona, July 9, 2018: Rogers Corporation (NYSE:ROG), a global leader in engineered material solutions, announced the acquisition of Griswold LLC, a leading manufacturer of custom-engineered cellular elastomer and high-performance polyurethane. Griswold’s products and solutions serve a variety of applications in the general industrial, electronics, automotive and consumer markets. Griswold’s custom-engineered cellular elastomer expands the product portfolio of Rogers’ Elastomeric Material Solutions (“EMS”) segment, while Griswold’s high-performance polyurethane products increase Rogers’ existing EMS capabilities.

“Griswold LLC is an outstanding strategic fit with Rogers’ Elastomeric Material Solutions business. This acquisition demonstrates continued execution on synergistic M&A, a core element of our strategy,” said Bruce Hoechner, Rogers’ President and Chief Executive Officer. “Like our recent DeWAL and Diversified Silicone Products acquisitions, the Griswold acquisition builds on our existing EMS platform of highly engineered materials and adds new products and capabilities to our EMS portfolio. We are excited Griswold is now a part of Rogers Corporation, and our focus has turned to a successful integration in the months ahead.”

The transaction closed Friday July 6, 2018. Terms were not disclosed. Rogers’ expects the transaction to be accretive to 2019 earnings per share. Trailing twelve month revenues for Griswold were nearly $30 million, and Rogers plans for Griswold’s profitability to be comparable to EMS’ current product lines in 2020 and beyond.

About Rogers Corporation
Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect, and connect our world. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable clean energy, internet connectivity, and safety and protection applications, as well as other technologies where reliability is critical. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, e-Mobility and renewable energy; Elastomeric Material Solutions for sealing, vibration management and impact protection in mobile devices, transportation interiors, industrial equipment and performance apparel; and Advanced Connectivity Solutions for wireless infrastructure, automotive safety and radar systems. Headquartered in Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide.

About Griswold LLC
Griswold LLC is a leading manufacturer of a wide range of high-performance engineered cellular elastomer and microcellular polyurethane products and solutions. For over 65 years, Griswold has built its business by collaborating with its customers to fabricate customized solutions to meet their most intricate design requirements. From vibration control to shock and impact absorption, sealing to non-skid solutions, Griswold’s seasoned engineering team’s deep expertise will create effective solutions and meet unique functional requirements. Griswold is dedicated to ensuring that its products and solutions contribute to the fastest possible speed to market, while remaining cost effective and driving end-use success.

Safe Harbor Statement
This release contains forward-looking statements, which may concern our plans, objectives, outlook, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, future restructuring, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. Risks that could cause such results to differ include: failure to capitalize on, and volatility within, the Company’s growth drivers, including advanced mobility and advanced connectivity; business, economic and political conditions in the United States and abroad, particularly in China, South Korea, Germany, Hungary and Belgium, where we maintain significant manufacturing, sales or administrative operations; fluctuations in foreign currency exchange rates; research and development efforts; competitive developments; business development transactions and related integration considerations; the outcome of ongoing and future litigation, including our asbestos-related product liability litigation; inability to obtain raw materials from single or limited source suppliers in a timely and cost effective manner; and changes in laws and regulations applicable to our business. For additional information about the risks, uncertainties and other factors that may affect our business, please see our most recent annual report on Form 10-K and any subsequent quarterly reports on forms 10-Q filed with the Securities and Exchange Commission. Rogers Corporation assumes no responsibility to update any forward-looking statements contained herein except as required by law.

Additional Information
For additional information, please contact the Company directly, via email or visit the Rogers website. Website: http://www.rogerscorp.com Investor contact:
Jack Monti
Phone: 480-917-6026
Email: jack.monti@rogerscorporation.com

 

 

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Moosup, CT and Sanford, ME, 05/04/2016 – Griswold LLC of Moosup, CT and Expanded Rubber Products of Sanford, ME are pleased to announce the acquisition of Expanded Rubber Products’ sponge rubber sheet and roll business by Griswold.

Dan Mahoney, CEO of Griswold, said “We see this acquisition as an excellent opportunity to grow our sponge rubber business. Expanded has been a formidable competitor for many years with an excellent reputation. Griswold will continue its commitment to product innovation and excellent customer service.”

Clayton Ney, Principal of Expanded Rubber Products, said “After thirty-five years of manufacturing sheet sponge the opportunity that exists for our customers with this acquisition far exceeds any and all effort that we could have offered. We now can look forward to focusing on new and different product lines.”

About Griswold LLC Griswold, established in 1949, is a leading manufacturer of sponge rubber and urethane foam. For more information visit our website at www.griswoldllc.com.

Moosup, CT, 02/26/2016 – GRISWOLD LLC is pleased to announce the addition of TPE foam extrusions that can be provided in solid and foam profiles.

TPE’s can be recycled and offer excellent tear/elongation characteristics along with the ability to thermoform in a secondary process.

Griswold installed the production line based on an existing customer requirement and the objective of further diversification into complementary products that enhance our portfolio of performance polymers. P

lease visit Griswold at the upcoming Gasket Fabricators Expo in Orlando, FL on April 6, 2016.