FSI OFFER TO ACQUIRE AN AGRICULTURE COMPANY DECLINED

Core Insights - Flexible Solutions International, Inc. (FSI) is focused on developing biodegradable polymers for various applications including oil extraction, detergents, water treatment, and crop nutrients [1][3] - FSI recently made an acquisition offer for 70% of a medium-sized agriculture company in Indiana, which was declined by the target's Board without a vote [2] - The CEO of FSI expressed disappointment over the declined offer, highlighting the potential synergies between FSI and the target company [3] Company Overview - FSI is based in Taber, Alberta, and specializes in environmental technology, particularly biodegradable, water-soluble products made from thermal polyaspartate (TPA) biopolymers [3] - The company has expanded into the food and nutrition supplement market, obtaining FDA food grade approval for its Peru, IL plant in 2022 [3] - FSI's other divisions focus on manufacturing energy and water conservation products for various markets including drinking water, agriculture, and industrial applications [3] Acquisition Details - The acquisition offer was structured as 5 times the full year 2025 EBITDA plus an additional 2.5 times the full year 2025 EBITDA based on performance over three years [2] - FSI has decided not to increase its offer, believing it represents full value, and has removed the debt financing initially planned for the acquisition [2]