ROGERS, CT -- Rogers Corp. today completed its previously announced acquisition of Arlon for approximately $157 million, subject to final net working capital and other adjustments.

The companies announced the deal Dec. 19. 

Arlon posted revenue and operating income of $100.4 million and $16.7 million, respectively, for 12 months ended Sept. 30. Rogers expects the transaction to be accretive to operating income in 2015, excluding the impact of purchase accounting and transaction costs.

In a press release, Rogers CEO and president Bruce D. Hoechner said, "This acquisition provides Rogers with unique growth and diversification opportunities for two of our strategic businesses and aligns well with both our longterm strategy to grow through selective acquisitions, as well as through organic growth. We are excited to begin our work with Arlon’s team to expand our solutions and better serve our customers around the world."

Like Rogers, Arlon produces high-frequency circuit materials and engineered silicones.