Announced
Financials
Tags
Private
Pending
Specialty Chemicals
engraved substrates
Majority
Acquisition
Domestic
United States
Friendly
Single Bidder
Synopsis
Profile Products, a developer and manufacturer of engineered specialty agriscience materials, agreed to acquire Quick Plug, a producer of stabilized sowing and cutting substrates, from Dümmen Orange, a provider of vegetative-breeding services. Financial terms were not disclosed. "With the addition of Quick Plug, we are able to not only expand our offerings to current ornamental customers and the controlled environment agriculture market, but support food production to ensure food security around the world. We are excited to bring on board a like-minded team that shares our strategic vision of growth through innovative technology to deliver reliable products," Jim Tanner, Profile Products CEO.
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