Sioux Falls, SD (November 3, 2014) — Raven Industries, Inc. (NASDAQ: RAVN) announced today that its Engineered Films Division(EFD) has acquired Integra Plastics, Inc., for approximately $48 million in cash and stock. Headquartered in Madison, SD, privately held Integra specializes in the manufacture and conversion of high-quality plastic film and sheeting. With 12-month sales of more than $35 million, Integra is in the process of increasing capacity through facility expansion at several locations. This acquisition will immediately expand Raven’s engineered film production capacity, broaden its product offerings, and enhance current converting capabilities.
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