Arne Vraalsen, an entrepreneur and private investor, agreed to acquire Huberband, a narrow technical fabrics provider. Financial terms were not disclosed. "In our 160-year company history, hard work, pioneering spirit, the courage to take risks, and a little luck have shaped a flourishing company. We look forward to a continued and successful future under new ownership," Thomas Huber, Huber Bandfabrik Owner and Managing Director.