Raven Industries Agrees to Acquire Colorado Lining International

Raven Industries said Tuesday it has signed an asset purchase agreement to buy substantially all of the assets of Colorado Lining International, a provider of geomembrane fabrication and installation.
The cash transaction is expected to close next month with Raven paying $14 million and the potential for up to $2 million in additional earn-out payments over the next three years.

The final acquisition will align under the company’s Engineered Films division, a maker of polymer film and sheeting. Following the acquisition, Raven Engineered Films will operate facilities in four states–South Dakota, Colorado, California and Texas–to further optimize and expand customer services and logistics.

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