Profile Products acquires fertilizer company Florikan
Yesterday, Profile Products, a provider of erosion control, soil modification and vegetation establishment, announced that it had acquired Florikan, a global manufacturer, blender and distributor of controlled release fertilizer.
The transaction includes all Florikan product lines and facilities, including the company's manufacturing facility and expanding distribution center in Bowling Green, Fl. All Florikan employees will continue in their current roles. The investment expands Profile's ability to meet product and service needs across all of the company's business segments.
"Florikan's talented team and innovative products have secured a strong industry reputation, and they are an excellent complement to our culture," said Jim Tanner, CEO of Profile Products. "Bringing our companies together will provide our distributor partners with more opportunities and efficiencies.”
The acquisition comes within a year after Profile acquired sphagnum peat moss producer Sunterra Horticulture and invested additional capital into expanding the manufacturing and packaging capacity of the company's premiere horticultural products.
Florikan's controlled release fertilizers are also a natural fit with Profile's biotic soil media, hydraulically applied erosion control technologies, and porous ceramic products.
The transaction closed on October 15. Financial details were not disclosed.
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