ROGERS, CT -- Rogers Corp. has signed a definitive agreement to acquire 100% of the stock of Curamik Electronics, a manufacturer of power electronic substrate products, for €116 million ($155 million).

The deal is subject to closing adjustments and will be financed through a combination of borrowings under existing bank credit facilities and cash and is expected to close this week.

Eschenbach, Germany-based Curamik, founded in 1983, is a leader in production of direct copper bonded ceramic substrate products. The acquisition is expected to complement Rogers' existing power electronics product portfolio. Curamik is forecast to add $115 million to $125 million in sales and to be accretive to net earnings.