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Raven announced today that its board of directors approved $25 million in stock repurchase authorization. With this additional authorization, the company will have approximately $28 million remaining in its stock repurchase program. The board today also approved a regular quarterly cash dividend of 13 cents per share. The dividend is payable January 26, 2018, to shareholders of record on January 12, 2018.

Raven 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.