Heartland Resource Technologies, LLC has developed a superior proprietary, environment-friendly, low-cost soy protein-based adhesive technology for use in engineered wood products. The Company’s corporate offices are located in Pasadena, California and its laboratory and pilot plant is located in Madison, Wisconsin.
Heartland’s business model is based on straight licensing and royalties. Utilizing existing, experienced manufacturers is ultimately the most logistically and profitable decision and it was decided that forming a partnership with a manufacturer would be the logical choice. Greater portions of revenues and funding can then be designated for continued research & development to create new products and markets for the future.
Heartland’s products are considered “green” or environmentally safe. The movement towards “green products” is gaining momentum in the building product industry in North America as well as internationally.
Heartland Resources – Acquired by Hercules (Ashland) in 2007 (2.4x multiple)Arash Sani2021-09-12T09:07:38-08:00