Leading manufacturer of specialty agriscience materials, US based Profile Products LLC, has acquired Nivetha Exporters, an international producer of high qualitycococoir products in Nadu. Nivetha Exporters with two factories at Pollachi in Coimbatore district recorded a turnover of 100 crore during the last financial year (2021-22).
However, the size of the deal was not disclosed.RiverBridge Investment Advisors Pvt Ltdacted as the exclusive financial advisor for Nivetha.
Coco peat produced from coconut husk is used for soilless cultivation. The acquisition of Nivetha, which is renamed as CoirSci, augments Profile Products raw material selection that now includes peat, coir and HydraFiber, engineered fiber solution and controlled release fertilizer products.