Profile Products, which is owned by Platte River Equity, has acquired Central Fiber’s erosion control and landfill cover businesses. No financial terms were disclosed.
BUFFALO GROVE, IL (October 20, 2015) – Profile Products LLC, a provider of environmentally friendly soil, water and vegetation management solutions, today announced the acquisition of the erosion control and landfill cover businesses of Central Fiber LLC, a manufacturer of cellulose and wood fiber products. The transaction includes all Central Fiber erosion control and landfill cover businesses as well as the company’s Canton, OH production plant/distribution center, employees and sales team, strengthening Profile’s ability to meet a wide variety of customer product and service needs.
The acquisition augments Profile’s product portfolio with Central Fiber’s Second Nature® and Enviro Fiber® hydraulic mulches, complementing Profile’s broad range of products including Flexterra HP®, ProMatrix® and Base mulch hydroseeding solutions for erosion control; and Central Fiber’s Topcoat® and Waste-Coat® landfill cover products, offering non-toxic and biodegradable solutions to comply with government landfill daily cover regulations.
The new products join Profile’s extensive product line, which also includes leading technologies for vegetation establishment, landscaping, sports field conditioning, and golf course construction and maintenance that are used by customers around the world.
In addition, Profile gains new manufacturing and distribution capabilities in a key Midwest market with the acquisition of Central Fiber’s facility in Ohio; the option to add a new warehouse in Dallas to serve the Southwest market; and an expanded distribution network and dedicated workforce to service diverse markets.
“Central Fiber has established a strong market presence with products, people and technology that fit well with our product portfolio and our corporate culture,” said John Schoch, President and CEO, Profile Products. “By combining our respective products and personnel, this acquisition advances our mission of delivering a full range of technologies and services to assist customers with their turf establishment and erosion control requirements.”
The transaction closed on October 20th. Financial details were not disclosed.
Earlier this year, Profile Products was acquired by Platte River Equity in partnership with Profile’s management team.
About Profile Products
Profile Products LLC, is an innovative global environmental solutions provider that develops, manufactures and markets leading products for soil modification, erosion and sediment control, vegetation establishment and daily cover. The company is headquartered in Buffalo Grove, IL. For more information, visit www.profileproducts.com.
About Central Fiber
Central Fiber LLC is a leading producer of specialty cellulose fiber products for use in industrial applications, providing thickening, rheology and flow control, high fluid absorption capacity, drain-down resistance, green strength, reinforcing properties, and acting as lightweight functional fillers. The company is headquartered in Wellsville, KS. For more information visit www.CentralFiber.com.
About Platte River Equity
Based in Denver, Colorado, Platte River Equity is a private equity firm that invests in lower middle market operating companies with enterprise values generally between $20 million and $250 million. The firm focuses on targeted industry sectors where it has deep operating and investing experience including aerospace and transportation; energy and industrial products and services; and chemicals, metals, minerals and agriculture. Platte River Equity has raised funds with committed capital in excess of $700 million. For more information, visit www.platteriverequity.com.