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FOR RELEASE ON SEPTEMBER 1, 2017 AT 3:00 PM CENTRAL TIME

Raven Industries CLOSES DEAL to Acquire colorado lining international

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.

The acquisition enhances the company’s geomembrane business through extended service and product offerings with the addition of new design-build and installation service components. As previously announced, this acquisition will advance Raven Engineered Films’ business model into a vertically-integrated, full-service solutions provider for the geomembrane sector. 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.

”We are excited to welcome the Colorado Lining International team to the Raven family and further expand our service and product offerings for the geosynthetics industry,” stated Anthony Schmidt, Vice President and General Manager of Raven Engineered Films. “The cohesive team dynamics between Raven and the CLI group have made the close process seamless, and we plan to progressively leverage the positive synergies of the two companies to increase overall value for our customers.”

With the close of the acquisition, John Heap, Owner and CEO of Colorado Lining International, will join Raven leadership under the Engineered Films segment as Director of Business Development reporting to Schmidt. Raven also plans to integrate the Colorado Lining International team of 90 employees into its Engineered Films division and align fabrication and materials directly within its core capabilities. Key suppliers and installation contractors of both companies will continue to play a vital role in the success of our business strategy.

“Our group is thrilled to be joining Raven,” stated Heap, “and we look forward to the positive enhancements we will bring to the industry by combining decades of experience. We will directly contribute to the enhanced market growth of the geomembrane segment as a new full-service provider, offering a valuable alliance to the existing partnerships Raven and CLI have established with their customers over time.”

About Raven Industries, Inc.
Raven Industries (NASDAQ: RAVN) is dedicated to providing innovative, high-value products and solutions that solve great challenges throughout the world. Raven is a leader in precision agriculture, high-performance specialty films, and lighter-than-air technologies. Since 1956, Raven has designed, produced, and delivered exceptional solutions, earning the company a reputation for innovation, product quality, high performance, and unmatched service. For more information, visit http://ravenind.com.

About Raven Engineered Films
Raven Industries’ Engineered Films Division has established a well-known reputation for manufacturing and supplying high performance flexible films and sheeting to major markets throughout the United States and abroad. Engineered Films’ strategic mission is to produce critical film and sheeting for the containment and protection of Earth’s natural resources and asset value. Its state-of-the-art manufacturing facility and proven product expertise offer the most innovative and targeted product solutions in the industry. Raven Engineered Films welcomes all inquiries and can be reached at +1 (800) 635-3456. Learn more about Raven Engineered Films at http://ravenefd.com.

About Colorado Lining International
Colorado Lining International, Inc. (CLI) is a full service Geosynthetics Contractor offering factory expert geomembrane fabrication and installation under one roof. CLI offers assistance in flexible membrane liner selection, coating material selection, fabrication techniques and design/build installation. By taking a site-specific approach to geomembrane and liner selection, clients can rest assured the material will fit the application and will be fabricated and installed by trained and certified crews. For more information, visit http://coloradolining.com.

Forward-Looking Statements
This press release contains forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 and the protection of the Act’s Safe Harbor for forward-looking statements.  While this release is based on management’s best judgment and current expectations, actual results may differ and involve a number of risks and uncertainties.  Important factors that could cause actual results to differ materially from the forward-looking statements include, without limitation: uncertainties as to the timing of the transactions described above; the possibility that various closing conditions for the transactions may not be satisfied or waived; uncertainty of the expected financial performance of the combined operations following completion of the transaction; the ability to successfully integrate CLI’s operations and employees; the ability to realize anticipated synergies and cost savings; unexpected costs, charges or expenses resulting from the transaction; general economic, financial and business conditions that could affect the company’s financial condition and results of operations; as well as risk factors listed from time to time in the Raven’s filings with the SEC.  Raven cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Raven disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events
.

Contact Information
Margaret Carmody, Director of Communications
Raven Industries
+1 (605) 336 2750
margaret.carmody@ravenind.com

RAVEN INDUSTRIES SIGNS AGREEMENT TO ACQUIRE COLORADO LINING INTERNATIONAL

SIOUX FALLS, S.D., (August 22, 2017) — Raven Industries, Inc. (NASDAQ:RAVN) 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. The cash transaction is expected to close in September with Raven paying approximately $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, an innovative manufacturer of polymer film and sheeting. By adding new design-build and installation service components to the company’s geomembrane offering, this acquisition will advance Raven Engineered Films’ business model into a vertically-integrated, full-service solutions provider in this sector. Colorado Lining International, Inc. was established in 1978 and is a well-respected company that provides custom fabrication, design-build expertise, and certified installation services. 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.

”We are thrilled to be entering into this purchase agreement with Colorado Lining International,” stated Anthony Schmidt, Vice President and General Manager of Raven Engineered Films. “They have been a long-time valued and respected business partner of our geomembrane product lines for nearly 25 years. Our companies share the same team values for integrity, quality, service and a strong drive for innovation, and this acquisition will set the stage for future growth opportunities through additional capabilities and products for the containment industry.”

“We have long admired Raven as strategic partner and quality supplier,” stated John Heap, President and CEO of Colorado Lining International, Inc. “They set the bar high by striving for operational excellence throughout all facets of their day-to-day business. We are enthusiastic to be joining the Raven team and think our years of expertise in the geosynthetic industry will be a great asset in providing high-quality solutions to complex containment needs and challenges.”

About Raven Industries, Inc.
Raven Industries (NASDAQ: RAVN) is dedicated to providing innovative, high-value products and solutions that solve great challenges throughout the world. Raven is a leader in precision agriculture, high-performance specialty films, and lighter-than-air technologies. Since 1956, Raven has designed, produced, and delivered exceptional solutions, earning the company a reputation for innovation, product quality, high performance, and unmatched service. For more information, visit http://ravenind.com.

About Raven Engineered Films
Raven Industries’ Engineered Films Division has established a well-known reputation for manufacturing and supplying high performance flexible films and sheeting to major markets throughout the United States and abroad. Engineered Films’ strategic mission is to produce critical film and sheeting for the containment and protection of Earth’s natural resources and asset value. Its state-of-the-art manufacturing facility and proven product expertise offer the most innovative and targeted product solutions in the industry. Raven Engineered Films welcomes all inquiries and can be reached at +1 (800) 635-3456. Learn more about Raven Engineered Films at http://ravenefd.com.

About Colorado Lining International
Colorado Lining International, Inc. (CLI) is a full service Geosynthetics Contractor offering factory expert geomembrane fabrication and installation under one roof. CLI offers assistance in flexible membrane liner selection, coating material selection, fabrication techniques and design/build installation. By taking a site-specific approach to geomembrane and liner selection, clients can rest assured the material will fit the application and will be fabricated and installed by trained and certified crews. For more information, visit http://coloradolining.com.

Forward-Looking Statements
This press release contains forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 and the protection of the Act’s Safe Harbor for forward-looking statements. While this release is based on management’s best judgment and current expectations, actual results may differ and involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the forward-looking statements include, without limitation: uncertainties as to the timing of the transactions described above; the possibility that various closing conditions for the transactions may not be satisfied or waived; uncertainty of the expected financial performance of the combined operations following completion of the transaction; the ability to successfully integrate CLI’s operations and employees; the ability to realize anticipated synergies and cost savings; unexpected costs, charges or expenses resulting from the transaction; general economic, financial and business conditions that could affect the company’s financial condition and results of operations; as well as risk factors listed from time to time in the Raven’s filings with the SEC. Raven cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Raven disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. 

Contact Information
Margaret Carmody, Director of Communications
Raven Industries
+1 (605) 336 2750
margaret.carmody@ravenind.com

Contact Information
John Heap, President and Chief Executive Officer
Colorado Lining International, Inc.
+1 (303) 841 2022
jheap@coloradolining.com

CLI(now Raven Industries) receives Award for Outstanding Achievement

(New Orleans, LA – Sept. 28, 2017) – Colorado Lining International, Inc., (Now Raven Industries) was recognized with the 2017 International Achievement Award (IAA) for design excellence in specialty fabrics applications.

Colorado Lining received an Outstanding Achievement Award for its Tucson Water Clearwell Rehabilitation and Replacement project. The project was recognized in the competition’s  category.

For seven decades, IAA has recognized excellence in design and innovation, highlighting truly spectacular work in the specialty fabrics and technical textiles industry. The International Achievement Awards competition is sponsored by IFAI, a not-for-profit trade association who’s over 1,600 member companies represent the growing international specialty fabrics and technical textiles marketplace.

IFAI received a total of 235 entries from 11 countries that were submitted for 42 categories in this year’s competition. Winners were selected based on complexity, design, workmanship, uniqueness and function. Judges included industry experts, editors, architects, educators and design professionals who were chosen for their knowledge in a particular field of study or product area.

All entries receive prominent recognition at the IFAI Expo, the largest specialty fabrics tradeshow in the Americas. Winners receive additional publicity through coverage in IFAI magazines and press releases distributed to media professionals.  

For photos and a detailed project description, visit www.iaa.ifai.com.


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CLI’s Patrick Elliott Elected New FGI President

The Fabricated Geomembrane Institute (FGI) elected new board members for the 2017 – 2019 term in late March of 2017. CLI’s very own Patrick Elliott was elected President.

The institute is made up of geomembrane leaders and providers who work together to advance the group's mission by providing short courses, specifications and resources relating to fabricated geomembranes. New board members met in early April to discuss current and future goals for the FGI.  

Other board members elected were: Vice President, Laura Storey of Plastatech, Treasurer, Ed Silva of Engineered Polymer Technologies and Secretary, Jimmie Eloff of Owens Corning. Director Tim Stark will continue as the FGI Coordinator.  

CLI is excited to be a part of the FGI initiative, and would like to congratulate all newly elected members.

Visit the FGI Website

Colorado Lining Launches New Website

Colorado Lining International, Inc.
Raquel Vigil
Marketing Manager
(303) 902-0806
rvigil@coloradolining.com

FOR IMMEDIATE RELEASE

[Parker, CO] – Colorado Lining International, Inc. invites customers and industry media to explore their new website layout. http://www.coloradolining.com The website is intended to highlight their custom fabrication capabilities, design-build expertise, and value-add services, which make CLI’s comprehensive approach to servicing the geosynthetic industry a complete solution for many of their customers.

In addition to updated information on many of the same reliable products and materials it has offered for decades, important re-organized sections will detail new and evolving products like Floating Cover applications/services, Spray Liner, and many Specialty Custom Fabricated Products. The site also introduces new programs and services including new Inspection & Maintenance offerings, Equipment Sales & Rental and a Submersible Pump Partnership with Munro.

The goal is to communicate regularly with the industry and customers that CLI often leads with innovative solutions; willing to develop systems and products that make the most sense for each project, customer and the geosynthetic industry as a whole. As part of that initiative, the new website will feature a Blog section (Coming Soon), and regular Project Profiles that detail news and innovation generated by this process.  


About Colorado Lining International, Inc.
Colorado Lining International, Inc. is a full service geosynthetic contractor offering Geomembrane Materials & Spray Liner, Custom Fabrication, Certified Installation, and Design-Build services.  CLI has 3 complete fabrication facilities & offices located in: Parker, CO; New Caney, TX and Colton, CA.  


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Daniel Watson

CLI Hires Regional Salesman Dedicated to California Region

Colorado Lining International, Inc. would like to welcome Daniel Watson as it's newest Regional Salesman. 

With the recent addition of CLI's Colton, California facility came need for a strong and dedicated Sales Position for the state of California. Daniel will be  focused on introducing and broadening awareness of CLI's products and services throughout the region, and growing new markets that may be geographically and/or technically unfamiliar to CLI.

Daniel comes to us from an industrial/construction supply company in Southern California where he managed sales to local city government as a third party procurement contractor, specializing in cost savings for government entities involved in Water Production, Water Distribution, Landfill, Transit, Environmental, Aggregate, Disposal, etc...

"...CLI has impressed me with their commitment to quality and customer satisfaction. They hold themselves to such a high standard... I am honored and excited to become part of that team." Daniel Watson, Colorado Lining Intl., Inc.

Contact Daniel: (303) 951 5948 or via email at dwatson@coloradolining.com

Reviving the Palos Verdes Reservoir...

Palos Verdes Reservoir - Before Liner

California is home to one of the most active water resource infrastructure sectors. Geosynthetics can play an enormous role with the creation and rehabilitation of these water resources.

The 76-year-old Palos Verdes Reservoir in Los Angeles County provides an exemplary case The 360-million-gallon cell is currently undergoing an update that will greatly extend its service life. In this special three-part series for Geosynthetics magazine, the project team will highlight the work as it happens.

Read more...

CLI Opens Swimming Pool Solar Cover Division and E-Commerce Site

WeatherBeaterTM solar pool covers can help control pool water temperature, eliminate evaporation, control algae, and eliminate debris with the same reliable and proven GeoBubble™ material CLI uses in many of their Hydro-Cap™ Floating Cover Systems.

Visit the WeatherBeater™ Website

Solar Pool Covers

CLI Opens Geomembrane Fabrication Facility In Colton, California

Colorado Lining is honored to have the opportunity to serve this region of the U.S. more efficiently, which will result in faster service for our Western U.S. customers. Read the press release.

CLI Brands Hydro-Cap™ Floating Cover System for Water Conservation and Evaporation Control

Floating Cover

Colorado Lining International, Inc. (CLI), one of the world’s most experienced contractors, installers, and fabricators of geosynthetics, unveils a new brand for its well-established floating cover systems: Hydro-Cap™.
Read the press release.

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