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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.

Raven today announced that it has signed an asset purchase agreement to acquire substantially all of the assets of Colorado Lining International, Inc., headquartered in Parker, Colo. 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.