Call 2022 the year of the carve-out.
For Viaflex, formerly Raven Engineered Films, this April marks one year as a separate company from the former Raven Industries Inc., which is now part of CNH Industrial. In that time, “We’ve not just landed on our feet. We’re off and running,” president and CEO Scott Wickersham said.
That meant standing up multiple functions that previously had been centralized under Raven — IT, human resources, marketing, facilities — while continuing to grow and expand its business lines. “The positive was we could take the best of what Raven had and bring it forward and create the rest of it ourselves,” Wickersham said. “Our emphasis was to execute well on our carve-out, and we’ve done very, very well.”
Raven Engineered Films was acquired by Illinois-based Industrial Opportunity Partners, and now as Viaflex is an independent, stand-alone business. Its niche is in developing and manufacturing thinner, lighter, stronger polymer film and sheeting solutions that help address application and product challenges across the globe, including:
Geo: geomembrane liners and covers to support the environmental sector.
Agriculture: feed, grain and silage covers; containment liners and fumigation films.
Construction: enclosure, vapor barrier and gas barrier films.
Energy: reliable liners and containment solutions for the gas and oil industries.
Industrial: custom solutions for any project.
Installation: world-class geomembrane liner installation services.
“All three (former Raven) companies are better positioned to unlock the value they bring to the world,” Wickersham said. “I know that’s the case with us and widely believed within Viaflex. We’re stronger now. We found our wings, and we move much, much faster.” Information courtesy of Jodi Schwan and Sioux Falls Business. To read the full article visit siouxfalls.business