M&A
confidence high
sentiment positive
materiality 0.60
FSI sells Florida LLC units for $6M, generating $2.5M gain over original $3.5M cost
FLEXIBLE SOLUTIONS INTERNATIONAL INC
- Sale terms: $2M cash at closing plus $800k/yr for 5 years; total proceeds $6M.
- Original purchase price was $3.5M; realized gain of $2.5M on the investment.
- CEO states transaction increases liquidity to pursue significant contracts in nutrition and food operations.
- FSI retains a supply agreement with the Florida LLC; expects increased sales from the new partner beginning in coming quarters.