Flexible Solutions International Inc Dossier
Qualitative Analysis
Business overview
Flexible Solutions International Inc. (NYSE American: FSI) is an environmental technology leader specializing in the development, manufacture, and marketing of specialty chemicals designed to slow the evaporation of water and conserve energy. The company operates through two primary business segments: Energy and Water Conservation Products, and Biodegradable Polymers. Its flagship conservation products include WATERSAVR®, a patented liquid swimming pool blanket and open-water evaporation retardant, and HEATSAV®, designed for smaller commercial and residential pools. Under its NanoChem Solutions (NCS) division, FSI manufactures thermal polyaspartate (TPA) biopolymers used in agricultural crop nutrient chemistry, oilfield scale prevention, and eco-friendly detergent formulations. FSI is currently undergoing a major strategic transition, shifting its NCS division toward high-margin food-grade and nutraceutical contract manufacturing while moving legacy industrial and agricultural production to its newly optimized facility in Panama.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Shifting the focus of the NanoChem Solutions (NCS) division entirely toward food-grade and nutraceutical contract manufacturing, leveraging existing equipment and newly secured multi-year contracts.
Expected impact: Aims to transform the business model, reduce exposure to volatile agricultural cycles, and target combined food contract revenues of over $50 million annually.
Establishing and scaling up the Panama factory to take over all legacy industrial and agricultural products historically manufactured by NCS.
Expected impact: Reduces raw material tariff exposure (avoiding 15% to 58.5% U.S. tariffs on Chinese imports), shortens international shipping times, and frees up Illinois plant capacity for food-grade production.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
Following the mutual termination of their planned merger in September 2022, both companies remain committed to collaborating on finding routes to sustainable aspartic acid and biodegradable products.
Terms: Collaborative relationship without active merger-related financial obligations.