RAVN Raven Industries Inc.

Raven Industries Expands Operations to U.S. East Coast

Raven Industries Expands Operations to U.S. East Coast

Raven Engineered Films Opens Fabrication Facility in Waynesboro, Va.

SIOUX FALLS, S.D., Jan. 02, 2020 (GLOBE NEWSWIRE) -- (the Company; NASDAQ:RAVN) announced today that its is expanding its fabrication operations to the East Coast of the United States with the opening of a facility in Waynesboro, Va. This new location will allow Raven Engineered Films to provide a heightened level of service and faster product delivery to customers of its Energy, Geomembrane and Construction markets. At the new facility, Raven will custom-fabricate materials and strategically warehouse products to better serve this geographic region.

Expanding fabrication to the U.S. East Coast allows Raven Engineered Films to continue growing its core product lines while simultaneously executing Raven Composites™, one of the company’s .

“We are committed to our core business and customers,” said Anthony Schmidt, VP and General Manager of Raven Engineered Films. “Having a presence on the East Coast will allow us to respond more efficiently to the needs of our customers.”

The Waynesboro community is an appealing place for Raven to do business because of its rich heritage of manufacturing excellence as well as its proximity to the Appalachian Basin, major shipping and transportation hubs, and port access. Raven will begin operations in Waynesboro with approximately five team members in early 2020 and will expand based on business demand.

“The City of Waynesboro was built on the foundation of manufacturing firms like Raven,” shared Greg Hitchin, Director of Economic Development and Tourism for the City of Waynesboro. “We are thrilled to welcome them to our business community.”

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 .

About Raven Engineered Films, Inc.

Raven Engineered Films, Inc. is a wholly-owned subsidiary of Raven Industries, Inc. Raven Engineered Films 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. Raven Engineered Films is committed to producing essential film and sheeting to preserve and enhance customer investments while protecting Earth's resources. The company is dedicated to developing targeted product solutions that not only solve precise application challenges but integrate sustainable environmental design practices for long-range performance. Raven Engineered Films’ world-class manufacturing operations include seven locations nationwide, complete with state-of-the-art equipment and proven product expertise to provide the most innovative and targeted product solutions in the industry. Capabilities include multi-layer blown sheeting, reinforced cast/lamination, conversion, custom fabrication, geosynthetics design-build expertise and certified installation services through Raven CLI Construction, Inc. Raven welcomes all product inquiries and can be reached at +1 (800) 635-3456.

Contact Information

Lisa McElrath, Communications Manager

Raven Industries

+1 (605) 336-2750

EN
02/01/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Raven Industries Inc.

 PRESS RELEASE

Raven Industries Awarded Prime Contract for Stratospheric Balloon Syst...

SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN) announced today that (DIU) has awarded a contract to Aerostar Technical Solutions, Inc. () to provide robust high-altitude capabilities for the U.S. Department of Defense. DIU is focused on exclusively fielding and scaling commercial technology for use across the U.S. military. Through a variety of service-driven prototyping and field utility demonstration efforts, Raven Aerostar will demonstrate the utility of for a variety of DoD . The prototype project will begin with the integration of prototype communication nodes onto Rav...

 PRESS RELEASE

Raven Industries Gives $150,000 to South Dakota Mines for New Scholars...

RAPID CITY, S.D.--(BUSINESS WIRE)-- Department of Electrical Engineering has received $150,000 from (NASDAQ:RAVN) to support the university’s new minor in avionics. The company’s is the global leader in stratospheric balloon technology, and its platforms are used for near-space applications in aerospace, defense and scientific research. The gift endows a Raven Aerostar scholarship to support students in the avionics program. It also allows the department to buy equipment for improved design, test and prototyping capabilities for high-speed electronic circuits needed in aircraft and space av...

 PRESS RELEASE

Raven Industries Acquires Intellectual Property From Loon

SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN) announced today that , the world leader in high altitude lighter-than-air technology, has acquired intellectual property (IP) and patents from Loon, LLC (formerly known as Project Loon), a subsidiary of Alphabet Inc. and the developer of an autonomous constellation of high-altitude balloons for communications. In January, the wind down of Loon. are directly related to stratospheric balloon technology, including balloon navigation, launching operations and balloon manufacturing. Raven Aerostar continues to deliver key capabilit...

 PRESS RELEASE

Raven Industries Uses Stratospheric Balloon Technology to Monitor Wild...

SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN) announced today that the company monitored major active wildfires via over the past several months, successfully demonstrating the use of stratospheric balloon technology for wildfire management. This press release features multimedia. View the full release here: A thermal camera image (left) taken at the same time as a visible camera image (right). Both images were captured by one of Raven Aerostar's Thunderhead Balloon Systems while station-seeking above and monitoring a wildfire. While billowing smoke obscures the visual imag...

 PRESS RELEASE

Raven Industries Shareholders Approve Transaction With CNH Industrial

SIOUX FALLS, S.D.--(BUSINESS WIRE)-- (the Company; NASDAQ:RAVN) announced that, at a special meeting held on September 15, 2021, its shareholders voted strongly to approve the pending transaction with CNH Industrial N.V. (NYSE: CNHI / MI: CNHI). More than 71% of the outstanding shares of Raven voted, and of the shares that voted, over 99% voted in favor of the transaction with CNH Industrial. Dan Rykhus, Raven President & Chief Executive Officer, said, “We thank our shareholders for their strong support of this transaction. We look forward to working with the CNH Industrial team to close the...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch