Industrials
DATE
November, 2014
TYPE
M&A
Raman FibreScience was acquired by Hollingsworth & Vose Company, USA
About
Raman FibreScience
Established in 2007 and headquartered in Mysore, India, Raman FibreScience, is a technology and innovation-driven company specializing in advanced materials for filtration media and battery separator applications. The Company operates its manufacturing & research site in Mysore, India.
Hollingsworth & Vose
Established in 1843 and headquartered in Massachusetts, USA, Hollingsworth & Vose is a family-run company and a global leader in the supply of advanced materials for filtration, battery separator and industrial applications. The Company operates manufacturing sites and research centres in the Americas, Europe and Asia.
Background
We are pleased to announce that our client Raman FibreScience Private Limited (“RFS”) has been acquired by Hollingsworth & Vose Company, USA (“H&V”). RFS is a technology and innovation-driven company specializing in wet-laid, fibre-based materials for filtration media & battery separator applications serving leading customers both in India and international markets. H&V, headquartered in Massachusetts, USA and having world-wide operations, is a global leader in manufacturing advanced materials for filtration, battery and industrial applications.
The transaction will enable H&V to use the technology created by RFS and further commercialize it on the global platform. The transaction will also provide H&V a strong operating base in India to serve its customers globally and in India. The acquired Company will now be renamed H&V Advanced Materials (India) Private Limited. The founder of RFS will continue on the Board of the acquired Company.
Veda Corporate Advisors (“VedaCorp”) was the exclusive advisor to Raman FibreScience in the transaction. VedaCorp provided comprehensive transaction advisory services covering strategic positioning, valuation and transaction structuring, assistance in due diligence, negotiation and finalization of definitive agreements, leading to the successful closure of the transaction.
This is VedaCorp’s 12th cross border M&A transaction with each transaction resulting in strong local businesses partnering with large global players. This also marks VedaCorp’s 15th transaction in the manufacturing sector.