Alantra advises Silicone Engineering on its sale to Rogers Corporation

Oct 2021

Sell-side advisory

Alantra, the global investment banking specialist, has advised the shareholders of Silicone Engineering Ltd, a leading European manufacturer of silicone material solutions based in Blackburn, UK, on the sale of the business to NYSE-listed Rogers Corporation (“Rogers”).

Established in 1959, Silicone Engineering was a pioneer in the manufacture and supply of silicone rubber for sealing, insulation and protection of applications in a wide range of industrial sectors. Significant investment in the latest production machinery and technical facilities means Silicone Engineering has one of the best-equipped silicone research and development laboratories in the industry. With over 2,000 silicone formulations, it is now Europe’s leading silicone rubber manufacturer and supplier, reporting trailing twelve month revenues of approximately £30m.

Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect and connect our world. Rogers delivers innovative solutions to help our customers solve their toughest material challenges. Rogers’ advanced electronic and elastomeric materials are used in applications for EV/HEV, automotive safety and radar systems, mobile devices, renewable energy, wireless infrastructure, energy-efficient motor drives, industrial equipment and more. Headquartered in Chandler, Arizona, Rogers operates manufacturing facilities in the United States, Asia and Europe, with sales offices worldwide. Silicone Engineering will expand Rogers’ existing advanced silicones platform and will provide a European Center of Excellence to service customers requiring premium silicone solutions for applications in the EV/HEV, industrial, medical and other markets.

This deal is the latest in a series of cross-border transactions in the specialty materials and chemicals sector for Alantra and follows the sales of UK-based H.K. Wentworth to Element Solutions Inc, Austria’s ESIM Chemicals’ Specialty division to US-based Vertellus Specialties and Belgium’s Solvay to US-based Composites One, as well as advising Everstone Capital on its acquisition of Mumbai-based Calibre.

Paul Kinsella, Managing Director of Silicone Engineering, commented, “As Europe’s leading silicone rubber manufacturer, Silicone Engineering will be highly complementary to Rogers. Rogers will be a great custodian of the business and we are excited about the growth opportunities the partnership brings to both organisations. Alantra ran a first-class process, understood our strategic and market drivers and what we wanted to achieve from this transaction, and helped us realise an exceptional result for the shareholders and secure the long-term future of the business.”