Profile Products, which is backed by Incline Equity Partners, has acquired Sunterra Horticulture, a Winnipeg-based producer of professional-grade sphagnum peat moss. No financial terms were disclosed. Buffalo Grove, Illinois-based Profile is a maker of engineered horticultural growing media, erosion control products and soil amendments.
Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, is pleased to announce its portfolio company, Profile Products (“Profile”), has acquired Sunterra Horticulture (“Sunterra” or the “Company”).
Profile is a global developer and manufacturer of engineered horticultural growing media, erosion control products and soil amendments. The acquisition of Sunterra, a major producer of professional-grade sphagnum peat moss, includes all product lines as well as the Company’s state-of-the-art facilities in Saskatchewan and Manitoba, Canada. The new products augment Profile’s rapidly growing horticulture line, including HydraFiber, the most advanced engineered substrate for consistency, porosity and water availability.
“We’re excited to merge two of the most innovative players in the horticulture substrate market,” said Jim Tanner, President and CEO of Profile Products. “Sunterra provides high quality peat moss in North America and has an excellent team and modern facilities that complement our production. The acquisition enhances our partnership with growers who make their own mixes and blenders that rely on us for high quality raw materials.”
Joe Choorapuzha, Partner at Incline, added, “Sunterra joins Profile’s extensive global product portfolio, allowing us to deliver a broader range of solutions and services to support customers with their horticulture needs. We are proud of our strong market presence and will continue to add products that expand our existing portfolio.”