FSI INVESTS IN LLC THAT OWNS INDUSTRIAL BUILDING IN MENDOTA, IL
VICTORIA, BRITISH COLUMBIA, July 06, 2023 (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. Today the Company announces it has invested in a Mendota, IL property.
FSI has purchased 80% of an Illinois LLC, called 317 Mendota, which owns only an industrial building in Mendota, IL. The FSI subsidiary, ENP, will lease some of the space in the building and consolidate all operations there. This will allow the NCS subsidiary to occupy space in Peru, IL currently used by ENP.
FSI believes the building will provide the space needed for anticipated growth by both subsidiaries. There will be substantial additional space in the 317 Mendota building which will be leased to other companies with the hope for positive cash flow in 2024 and thereafter.
About Flexible Solutions International
Flexible Solutions International, Inc. (), based in Victoria, British Columbia, 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. The other divisions manufacture energy and water conservation products for drinking water, agriculture, industrial markets and swimming pools throughout the world. FSI is the developer and manufacturer of WaterSavrTM, the world’s first commercially viable water evaporation retardant. WaterSavrTM reduces evaporation by up to 30% on reservoirs, lakes, aqueducts, irrigation canals, ponds and slow moving rivers. HeatsavrTM, a “liquid blanket” evaporation retardant for the commercial swimming pool and spa markets, reduces energy costs by 15% to 40% and can result in reduced indoor pool humidity.
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Flexible Solutions International
6001 54th Ave, Taber, Alberta, CANADA T1G 1X4
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