WILMINGTON, DE — DuPont has announced that it is terminating a $5.2 billion buyout of Rogers Corp after the two companies were unable to obtain timely clearance from all the required regulators.
The two companies previously agreed to the buyout last November, with DuPont paying $277 a share. DuPont said in September that it had received all regulatory approvals except from China, and the company had withdrawn and refiled the notice of the parties’ planned merger with the State Administration for Market Regulation of China.
In a statement, Rogers Corporation said the company is currently evaluating all options to determine the best path forward in response to DuPont’s notice.
“Rogers remains an exceptional company, and the team continues to execute on our successful growth strategy. Our strong competitive position innovating across fast-growing markets, including EV/HEV, is underscored by continuing design wins, broad customer enthusiasm and a robust pipeline of opportunities,” the statement said.
HELSINKI -- Incap reported revenue growth of 50% for the quarter, with this year's third-quarter earnings coming in at EUR 70.6 million (US$70.6 million).
TORONTO — Firan Technology Group has announced that it reached a new four-year contract with its represented employees at its Circuits – Toronto facility.
WALTHAM, MA — Nano Dimension, a supplier of additively manufactured electronics and multi-dimensional polymer, metal & ceramic additive manufacturing 3D printers, has announced preliminary revenues of $10 million for the third quarter of 2022 – a 646% increase from the third quarter of 2021. For the first nine months of the year, Nano Dimension's preliminary revenues were $31.5 million, which represents a 963% increase over the same period in 2021.
LISLE, IL — Molex has announced the opening of a new factory in Guadalajara. The new 60,000 sq. meter facility more than doubles the company's footprint and manufacturing in Guadalajara, and comes with the potential to increase capacity by an additional 100,000 sq. meters to support Molex's advanced engineering and large-scale production for automotive, transportation, and industrial customers in North America and around the world.
COUTANCES, FRANCE — Elvia PCB will not rebuild the factory of its subsidiary Elvia Loire Valley - Ciretec in Saint-Ay after it was destroyed by a fire earlier this year. Eliva, which was acquired by private equity firm Tikehau Ace Capital last spring, is expected to cut 53 out of the 70 jobs at the factory.
According to Le Parisien, the company opted not to rebuild the factory after estimating that the rebuilding of the facility would have cost around €25-30 million. The company has offered relocations to other subsidiaries in Coutances (Elvia Normandy), Châteaubourg (Elvia Brittany), and Puiseaux (Elvia BREE).
Elvia Loire Valley – Ciretec specializes in the manufacture of complex printed circuits often linked to on-board applications. It targets high PCB technologies (multilayer, rigid-flex, flexible, microwave technologies) in prototype and standard delays. For its space activity, Elvia Loire Valley – Ciretec is qualified ESA and EN9100 for civil and military aeronautical activities.
Founded in 1976, Elvia PCB is the leading French manufacturer of printed circuits in terms of turnover, the 5th in Europe, and the first in Europe in the DAS (defense and aerospace) segment, with a turnover of €50 million, including €35 million for the military, aeronautics and space division and €15 million for the Automotive and Industrial division. The group has around 430 employees in France.