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ROGERS CORPORATION SELLS ITS FLEXIBLE PRINTED CIRCUITS BUSINESS

 ROGERS, Conn., June 28 /PRNewswire/ -- Harry Birkenruth, president and chief executive officer of Rogers Corporation (AMEX: ROG), announced that the divestiture of Rogers Flexible Interconnections Division (FID), and Rogers' 50 percent interest in a related joint venture, Smartflex Systems, was completed today. The purchasers are affiliates of Ampersand Ventures, a venture capital firm based in Wellesley, Mass., which emphasizes specialty materials and chemicals operations. The former FID operation will be known as ADFlex Solutions, Inc.
 The terms of the arrangement will allow ADFlex Solutions to continue operations with the present personnel and technologies in the existing facilities in Chandler, Ariz., and Agua Prieta, Mexico.
 Birkenruth said, "This divestiture is an important step for Rogers Corporation, as we focus on our strengths, mainly in the specialty material business. Rogers will supply circuit materials to ADFlex for its use in making high performance flexible circuits."
 He added, "The proceeds from the sale will be used to reduce debt and for other corporate purposes. The land and building in Chandler, Ariz., occupied by ADFlex, will remain the property of a subsidiary of Rogers. Costs associated with the divestiture were recognized as part of the 1992 special charge."
 Based in Rogers, Conn., Rogers Corporation manufactures polymer composite materials and components, which it markets around the world. Rogers is a recognized leader in circuit materials for high frequency and computer applications, in high performance elastomer materials and components for office equipment and other applications, in moldable composite materials for automotive and electrical applications, and in power distribution products for computer and communications equipment.
 -0- 6/28/93
 /CONTACTS: Robert White of Karen Krider of Rogers Corporation, 203-774-9605 (phone), 203-774-9630 (fax)/
 (ROG


CO: Rogers Corporation ST: Connecticut IN: CPR SU:

CM -- NE010 -- 6365 06/28/93 15:15 EDT
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Publication:PR Newswire
Date:Jun 28, 1993
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