ROGERS, CT -- Rogers has sold a subsidiary which makes polyimide and thermoset epoxy laminate products to an investment firm for an undisclosed amount.
Rogers had previously disclosed the former Arlon Electronic Materials Division unit was on the market. The laminate maker acquired it as part of its purchase of Arlon LLC last January. It had net sales of $14.6 million from the date of acquisition through the end of the third quarter 2015.
The company will be renamed Arlon EMD.
The buyer is an affiliate of CriticalPoint Capital. CriticalPoint Capital focuses on companies with revenues of $100 million or less and EBITDA of $5 million or less.
"This acquisition gives our firm a strong foothold in the electronics industry," said Matt Young, founder and CEO of CPC. "We firmly believe that Arlon's deep industry knowledge combined with their technical know-how will fuel continued, sustainable growth into the foreseeable future. We are excited to help build upon Arlon's long history of success."