Document ykr3wdO4BNEbRpjNx24xLKnZV

FILE NAME: Rogers Corporation (ROG) DATE: 1973 Apr 12 DOC#: ROG009 DOCUMENT DESCRIPTION: Memo RE Possible Acquisition of Rogers Corp / Asbestos Fibre Division Denver - Greenwood Plaza April .12, 1973 J. M. Sharratt cc: . J. ff* Axelson - Denver Research ACQUISITIONS ROGERS CORP. Following a recent visit to the subject company on technical fibre matters, J - W . Axelson submitted Rogers as an acquisition candidate for A #F,D. In support of this recomnendation we have attached the following: 1) Rogers 1971 Annual Report 2) . Our analysis of Rogers from the A,F.D. standpoint. It is recommended that Rogers Qorp* be studied from,the standpoint of acquisition* - w N. W. Hendry Attache. CRMC-RogersCorp-000313 ROGERS CORP. r '} 1) ANNUAL REPORT - 1971 a) Their performance in 1970 & 1971 was,dismal, although there is reason to believe they improved their performance in 1972. b) Sales volume has growth substantially since 1968* although growth in the period 1969-71 is relatively flat. . c) They own or control a series of subsidiaries within and outside the U.S. CRMC-RogersCorp-000314 0 ROGERS CORP* t i / / i C , > : . 1) Rogers is an A.P.D. customer and purchased 1044 tons of Gp 5, 6 & 7 in 1972; this volume represents perhaps 50% of their total fibre use. 2) They are in the plastics manufacturing business and use asbestos as a filler re-inf orcement. 3) They plan to continue to. use asbestos fibre and believe that their plastic products containing asbestos are superior to those of G.E. without asbestos. * 4) They have sound research technology and are knowledgeable in the use of asbestos in plastics. t 5) .They are'engaged in the manufacture of product lines not presently commong to J-M (with the exception of gasket materials). CRMC-RogersCorp-000315