The transaction includes all HydroStraw erosion control and seed product lines, as well as the company’s Rockford, Washington, production plant/distribution center and employees. The acquisition will strengthen Profile’s ability to meet a wide variety of customers’ product and service needs. Profile also gains new manufacturing and distribution capabilities in a strategically important market with the acquisition of HydroStraw’s facility in Washington.
“The strategic operational location will support Profile’s ability in the western United States to further develop fiber manufacturing and rolled erosion control product technologies while increasing production capabilities as we continue to expand our business,” Profile president and CEO Jim Tanner said.
The acquisition augments Profile’s industry-leading erosion control technologies with HydroStraw’s hydraulic mulches, equipment and seed businesses, complementing Profile’s range of environmentally friendly soil, water and vegetation management solutions.
“HydroStraw has established a strong market presence with products, service and technology that fit well with our product portfolio and our corporate culture,” Tanner said. “By combining our respective products and technology, this acquisition advances our mission of delivering a full range of solutions and services to assist customers with their turf establishment and erosion control requirements.”
The transaction closed on Thursday. Financial details were not disclosed.