FSI OFFER TO ACQUIRE AN AGRICULTURE COMPANY DECLINED

Rhea-AI Summary

Flexible Solutions International (NYSE‑American: FSI) announced on Nov 10, 2025 that an offer to acquire 70% of a medium‑sized agriculture company based in Indiana was declined.

FSI said its offer priced the stake at 5x full‑year 2025 EBITDA up front plus 2.5x full‑year 2025 EBITDA payable over three years tied to performance. The target's board declined the offer without a shareholder vote. FSI removed the debt financing arranged for the deal and said it will not increase the offer, citing the bid as full value. CEO Dan O'Brien said the companies had substantial synergies and that FSI will keep pursuing acquisitions and organic growth.

Positive

• Offer priced at concrete multiples: 5x + 2.5x 2025 EBITDA
• Company removed acquisition debt to limit financing exposure
• CEO cited substantial strategic synergies with the target

Negative

• Target board declined the offer without a shareholder vote
• Loss of expected acquisition reduces near‑term inorganic growth
• Planned debt financing for the deal has been cancelled

TABER, ALBERTA, Nov. 10, 2025 (GLOBE NEWSWIRE) -- FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE-AMERICAN: FSI), is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatment as well as crop nutrient availability chemistry. Flexible Solutions also manufactures biodegradable and environmentally safe water and energy conservation technologies. In addition, FSI is increasing its presense in the food and nutrition supplement manufacturing markets. Today the Company announces an offer made to acquire an agriculture company was declined.

"FSI recently made a buy out offer for 70% of a medium sized agriculture-oriented company based in Indiana. Our offer terms were 5 times full year 2025 ebitda plus 2.5 times full year 2025 ebitda across 3 years based on performance. The offer was declined by the Board of the target without a vote and was not presented to the general shareholders. FSI will not increase its offer as we feel that the offer we made represents full value. FSI has removed the debt financing we had in place for the acquisition.

Dan O'Brien, FSI CEO comments, "We are disappointed because the synergies between FSI and the target were substantial." Mr. O'Brien continues, "We will continue to look for opportunities to grow through acquisitions and by organic growth in our divisions."

About Flexible Solutions International

Flexible Solutions International, Inc. (www.flexiblesolutions.com), based in Taber, Alberta, is an environmental technology company. The Company’s NanoChem Solutions Inc. subsidiary specializes in biodegradable, water-soluble products utilizing thermal polyaspartate (TPA) biopolymers. TPA beta-proteins are manufactured from the common biological amino acid, L-aspartic and have wide usage including scale inhibitors, detergent ingredients, water treatment and crop enhancement. Along with TPA, this division started producing other crop enhancement products as well. In 2022, the Company entered the food and nutrition markets by obtaining FDA food grade approval for the Peru IL plant. The other divisions manufacture energy and water conservation products for drinking water, agriculture, industrial markets and swimming pools throughout the world.

Safe Harbor Provision

The Private Securities Litigation Reform Act of 1995 provides a "Safe Harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward looking statement with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.

Flexible Solutions International
6001 54^th Ave, Taber, Alberta, CANADA T1G 1X4

Company Contacts
Jason Bloom
Toll Free: 800.661.3560
Fax: 403.223.2905
Email: info@flexiblesolutions.com

To find out more information about Flexible Solutions and our products please visit www.flexiblesolutions.com

If you have received this news release by mistake or if you would like to be removed from our update list please reply to: info@flexiblesolutions.com

FAQ

What did FSI announce on Nov 10, 2025 about an acquisition?

FSI said its offer to buy 70% of an Indiana agriculture company was declined by the target board.

What were the financial terms of FSI's offer for the Indiana agriculture company?

FSI offered 5x full‑year 2025 EBITDA up front plus 2.5x 2025 EBITDA payable over three years based on performance.

Will FSI raise its acquisition offer after the Nov 10, 2025 rejection?

FSI stated it will not increase the offer and removed the debt financing previously in place.

How did the target company’s board handle FSI’s buyout offer?

The target board declined the offer and did not present it to general shareholders.

What is the impact on FSI's growth plans after the declined offer?

FSI said it will continue seeking growth through other acquisitions and organic expansion.