Sioux Falls, S.D., (September 1, 2017) — Raven Industries, Inc. (NASDAQ:RAVN) today announced that it has completed the acquisition of substantially all of the assets of Colorado Lining International, Inc., headquartered in Parker, Colo. Raven completed a cash transaction, paying approximately $14 million with the potential for up to $2 million in additional earn-out payments over the next three years. This acquisition will immediately align under the company’s Engineered Films division, an innovative manufacturer of polymer film and sheeting.

Mission Statement

To Offer Our Customers A Team That Makes The Difference

Colorado Lining’s strength in fulfilling its commitments to its customers comes from over 75 years of combined experience from our executive management team to our onsite crews of professional installers. Unique in the industry, Colorado Lining is proud of its team’s longevity for site supervisors who have been with the company for several years. Additionally, many team members began their careers working in our fabrication facility or as an apprentice working with our seasoned installers. This hands-on, quality education affords us the ability to continue to improve design, fabrication and installation processes for cost-effective and long lasting results for our customers.

Provide Unbeatable Expertise

Over the years our quality products and services have been called on for a variety of applications all over the world. Ever changing government requirements and environmental issues have led to the need for new and innovative containment solutions. Colorado Lining has become highly specialized in our field, with a sound understanding of the geomembrane industry, providing our customers with a consistent and expanding knowledge base, expert technical support and design information to ensure an economical, quality solution to all containment needs and challenges.

The Use of Quality Equipment & Tools

Colorado Lining offers rolled & palletized fabrication by utilizing welding techniques that include: hot air, wedge, adhesive & extrusion welding. We have a full fleet of trucks, trailers and heavy equipment allowing us the resources to complete turn-key projects.

Proactively Adhere to Trusted Standards in Safety & Workmanship For Any Industry

Colorado Lining is an IAGI Approved Installation Contractor and is dedicated to training and certifying our welding technicians through the Certified Welding Technician Program. Colorado Lining also adheres to MSHA, ISNetworld & PEC Premiere Standards. Our in house Quality Control programs for factory and field seam testing follow strict ASTM Standards that meet or exceed all industry standards.