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Profile Products acquires controlled release fertilizer manufacturer Florikan

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Profile Products has acquired Florikan, a manufacturer, blender and distributor of controlled release fertilizer to high-value ornamental horticulture, agriculture, golf, turf and professional landscape markets throughout the world.

The transaction includes all Florikan product lines and facilities, including the company's manufacturing facility and expanding distribution center in Bowling Green, Florida (U.S.). All Florikan employees will continue in their current roles.

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 premiere 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 major supplier in that market. Florikan's controlled release fertilizers are also a fit with Profile's Biotic Soil Media, hydraulically applied erosion control technologies, and Porous Ceramic products designed to make turf maintenance and vegetation establishment more sustainable with fewer inputs.
The transaction closed on October 15. Financial details were not disclosed.

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