Val Hollingsworth, CEO of Hollingsworth & Vose, said: “Raman FibreScience has a strong team with considerable experience in wet-laid fiber based technology. For H&V India represents an important market and the RFS location and team provide H&V with an operational base with which to serve our customers and grow our India presense.”
Aroon Raman, managing director and founder of Raman FibreScience, said: “The company will be in good hands with H&V. We are both privately held companies with world-class technical capabilities with a policy of investing for the long term and so have a strong common vision and organizational culture. I have no doubt Raman FibreScience, its employees and customers and employees will prosper under H&V.”
Aroon Raman will continue on the board of the acquired company.
Hollingsworth & Vose operates manufacturing sites and research centres in the Americas, Europe and Asia.