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VICTORIA, BRITISH COLUMBIA, July 6, 2023 – 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.