H&V Acquires Raman FibreScience in India
Hollingsworth & Vose Company, USA (H&V) announces the acquisition of Mysore, India-based Raman FibreScience Private Limited (RFS). Raman FibreScience is a technology and innovation-driven company specializing in wet-laid, fiber-based materials for filtration media and battery separator applications. Hollingsworth & Vose Company is a global leader in these markets with operations world-wide.
Commenting on the acquisition, H&V CEO Val Hollingsworth said “Raman FibreScience has a highly professional team with considerable experience in fiber forming technology. They have a unique culture where R&D and manufacturing are highly integrated and they have leveraged this capability to develop and take to international markets some very unique and innovative products. For H&V, India represents an exciting market and the RFS Mysore location and team provide H&V a strong, on-the-ground operational base with which to build and grow our India presence. This will enable H&V to better serve our customers and is consistent with our strategy to become a long term participant in the markets for filtration media and battery separator in India and the surrounding region.”
Aroon Raman, Managing Director and founder of Raman FibreScience added, “The Company will be in good hands with H&V. We are both privately held companies with world-class technical capabilities, and a policy of investing in innovation for the long term and so have a strong common vision and organizational culture. I have no doubt Raman FibreScience, its employees and customers will prosper under H&V.” Aroon Raman will continue on the board of the acquired company.
The acquisition is effective immediately. Veda Corporate Advisors were advisors to the transaction in India.
About Hollingsworth & Vose
Hollingsworth & Vose, a global leader in the supply of technically advanced nonwovens for engine, high efficiency, and liquid filtration, has been family-owned since 1843. The company was formed when brothers John Mark and Lyman Hollingsworth received patent approval for the manufacture of paper from manila fiber, and they have set the pace for innovation ever since.
H&V adds value to our customers’ products by inventing next-generation materials with superior performance and quality characteristics. We are a key source of engine and industrial filtration media; battery materials; HVAC, HEPA, and ULPA media; respiratory and liquid filtration nonwovens; and gasket and sealing materials. H&V’s expertise and process capabilities include wet-laid, dry-laid, meltblown, and composite technologies.
The company's home office is in East Walpole, Massachusetts, U.S.A., with operations in five countries and sales in 80 others. With manufacturing facilities and research and development laboratories in the Americas, Europe, and Asia, and more than 1,000 employees, H&V is recognized as the global leader in engineered papers and nonwovens.
Media Contact Details: David von Loesecke, Vice President Business Development Hollingsworth & Vose Company, ,+1-508-850-2000 , Mahesh Senthikumar, brand-comm, ,+91-9880727702 , mahesh@brand-comm.com
Commenting on the acquisition, H&V CEO Val Hollingsworth said “Raman FibreScience has a highly professional team with considerable experience in fiber forming technology. They have a unique culture where R&D and manufacturing are highly integrated and they have leveraged this capability to develop and take to international markets some very unique and innovative products. For H&V, India represents an exciting market and the RFS Mysore location and team provide H&V a strong, on-the-ground operational base with which to build and grow our India presence. This will enable H&V to better serve our customers and is consistent with our strategy to become a long term participant in the markets for filtration media and battery separator in India and the surrounding region.”
Aroon Raman, Managing Director and founder of Raman FibreScience added, “The Company will be in good hands with H&V. We are both privately held companies with world-class technical capabilities, and a policy of investing in innovation for the long term and so have a strong common vision and organizational culture. I have no doubt Raman FibreScience, its employees and customers will prosper under H&V.” Aroon Raman will continue on the board of the acquired company.
The acquisition is effective immediately. Veda Corporate Advisors were advisors to the transaction in India.
About Hollingsworth & Vose
Hollingsworth & Vose, a global leader in the supply of technically advanced nonwovens for engine, high efficiency, and liquid filtration, has been family-owned since 1843. The company was formed when brothers John Mark and Lyman Hollingsworth received patent approval for the manufacture of paper from manila fiber, and they have set the pace for innovation ever since.
H&V adds value to our customers’ products by inventing next-generation materials with superior performance and quality characteristics. We are a key source of engine and industrial filtration media; battery materials; HVAC, HEPA, and ULPA media; respiratory and liquid filtration nonwovens; and gasket and sealing materials. H&V’s expertise and process capabilities include wet-laid, dry-laid, meltblown, and composite technologies.
The company's home office is in East Walpole, Massachusetts, U.S.A., with operations in five countries and sales in 80 others. With manufacturing facilities and research and development laboratories in the Americas, Europe, and Asia, and more than 1,000 employees, H&V is recognized as the global leader in engineered papers and nonwovens.
Media Contact Details: David von Loesecke, Vice President Business Development Hollingsworth & Vose Company, ,+1-508-850-2000 , Mahesh Senthikumar, brand-comm, ,+91-9880727702 , mahesh@brand-comm.com
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