FSI News & Events

Flexible Solutions is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatmennd also manufactures biodegradable and environmentally safe water and energy conservation technologies. Today the Company announces shipping from the Company's new Panama factory have started, CEO Dan O'Brien comments, "The Panama factory has started production of agricultural and polymer products. We estimate that nearly all international sales will be produced in Panama by the end of Q1." O'Brien continues, "Transition of international production to Panama will free space in our Illinois factory for increases in food grade products as well as potentially allowing international sales to rise."

Dan O'Brien, CEO, commented, "The 2025 year was one of transition as our Panama factory was built and our Illinois factory was retooled for our new contracts. Agriculture was difficult all year in all geographies. This obscured the excellent forward progress in food grade products. We anticipate that the opposite will be true in 2026 provided that food grade production reaches the much higher revenue we hope for."

Flexible Solutions announced an offer made to acquire an agriculture company was declined. The company said, "FSI recently made a buy out offer for 70% of a medium sized agriculture-oriented company based in Indiana. Our offer terms were 5 times full year 2025 ebitda plus 2.5 times full year 2025 ebitda across 3 years based on performance. The offer was declined by the Board of the target without a vote and was not presented to the general shareholders. FSI will not increase its offer as we feel that the offer we made represents full value. FSI has removed the debt financing we had in place for the acquisition."

Sales were up approximately 13% vs. last year. Dan O'Brien, CEO, comments, "Resumption of growth in difficult conditions, especially in agriculture, shows great effort by our team. We will attempt to repeat this in Q4 while looking forward to full scale food grade production in 2026."