M&A Deal Summary

Profile Acquires Quick Plug

On November 15, 2022, Profile acquired agriculture company Quick Plug from Dummen Orange

Acquisition Highlights
  • This is Profile’s 2nd transaction in the Agriculture sector.
  • This is Profile’s 7th transaction in the United States.
  • This is Profile’s 1st transaction in Maine.

M&A Deal Summary

Date 2022-11-15
Target Quick Plug
Sector Agriculture
Buyer(s) Profile
Sellers(s) Dummen Orange
Deal Type Divestiture

Target

Quick Plug

Falmouth, Maine, United States
Quick Plug is a manufacturer of bonded growing media for plant propagation that combines the forces of Grow-Tech Inc. (US), Quick Plug (NL), and Omni Growing Solutions (US). These three companies together form one independent group that operates in the global rooting substrate market. With its combined network of production and distribution facilities, the company is uniquely positioned to service commercial growers and wholesalers worldwide. Quick Plus is based in Falmouth, Maine.

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Buyer(S) 1

Buyer

Profile

Buffalo Grove, Illinois, United States

Category Company
Founded 1997
Sector Manufacturing
DESCRIPTION

Profile offers environmentally sound, site-specific solutions for soil modification, horticultural production, erosion control, and plant establishment. As a manufacturer of hydraulically applied mulch and additives, horticulture substrates, as well as biotic and ceramic conditioners to amend the soil, the company offers on-site solutions and consultation to architects, land planners, contractors, developers, and municipalities. Their team of agronomists, engineers and industry experts is supported through a worldwide network of experienced distributors. Profile was founded in 1997 and is based in Buffalo Grove, Illinois.


DEAL STATS #
Overall 8 of 8
Sector: Agriculture M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Maine M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-14 Nivetha Exporters

Lithia, Florida, United States

Nivetha Exporters is a producer of high-quality coco coir products. Nivetha Exporters was founded in 1996 and is based in

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Seller(S) 1

SELLER

Dummen Orange

De Lier, Netherlands

Category Company
Founded 2010
Sector Agriculture
DESCRIPTION

Dummen Orange is a floricultural breeding company that produces, markets, and sells cut flowers, pot plants, bedding plants, and perennials worldwide. Dummen Orange’s core business is the development of flower varieties with improved characteristics for growers, retailers and consumers, and it creates, develops and produces cuttings which are then supplied to growers globally. Dummen Orange was founded in 2010 and is based in De Lier, Netherlands.


DEAL STATS #
Overall 1 of 1
Sector: Agriculture M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Maine M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1