Profile Products announced the acquisition of Florikan, a manufacturer, blender, and distributor of controlled-release fertilizer to ornamental horticulture, agriculture, golf, turf, and professional landscape markets. The transaction includes all Florikan product lines and facilities. All Florikan employees will continue in their current roles.
“Bringing our companies together will provide our distributor partners with more opportunities and efficiencies. At the same time, users of our products can realize greater synergies, productivity, and profit,” said Jim Tanner, CEO of Profile Products.
The investment 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 horticultural product HydraFiber. By adding Florikan’s Nutricote and Gal-XeONE controlled release fertilizers to these products, Profile Products is strengthening its position as a supplier in that market.
“We’re looking forward to combining the expertise of both our companies, celebrating our shared corporate culture, and growing our market presence through our key strategic partnerships,” said Eric Rosenthal, president of Florikan.
Florikan joins Profile’s global portfolio, which includes technologies for erosion control, landscaping, horticulture, sports field conditioning, and golf course construction and maintenance. The transaction closed on October 15. Financial details were not disclosed.