Compass Minerals Completes Acquisition of Wolf Trax, Inc.
April 01 2014 - 4:57PM
Business Wire
Compass Minerals (NYSE: CMP) has completed its acquisition of
Wolf Trax Inc., a privately held corporation that develops and
distributes innovative plant nutrition products.
“We’re eager to leverage the strengths that Wolf Trax employees,
products and technologies bring to Compass Minerals,” said Fran
Malecha, Compass Minerals president and CEO. “This acquisition
expands the crops and regions Compass Minerals serves, and it
enhances our position as a key resource for premium plant nutrition
products.”
Compass Minerals acquired 100 percent of the issued and
outstanding Wolf Trax stock for CA$95 million, subject to customary
post-closing adjustments. AltaCorp Capital Inc. acted as exclusive
financial advisors to Wolf Trax.
About Compass Minerals
Based in the Kansas City metropolitan area, Compass Minerals is
a leading producer of minerals, including salt, sulfate of potash
specialty fertilizer and magnesium chloride. The company provides
highway deicing salt to customers in North America and the United
Kingdom and specialty fertilizer to growers worldwide. Compass
Minerals also produces consumer deicing and water conditioning
products, ingredients used in consumer and commercial foods, and
other mineral-based products for consumer, agricultural and
industrial applications.
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements are based on the Company's current
expectations and involve risks and uncertainties that could cause
the Company's actual results to differ materially. The differences
could be caused by a number of factors including those factors
identified in the “Risk Factors” sections of our Annual and
Quarterly Reports on Forms 10-K and 10-Q. The Company undertakes no
obligation to update any forward-looking statements made in this
press release to reflect future events or developments.
Compass MineralsPeggy Landon, 913-344-9315Director of Investor
Relations andCorporate CommunicationsorTheresa Womble,
913-344-9315Manager of Investor Relations
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