M&A Deal Summary

Compass Minerals Acquires Cutler-Magner - Salt Business

On April 6, 2009, Compass Minerals acquired chemicals company Cutler-Magner - Salt Business from Cutler-Magner for 4M USD

Acquisition Highlights
  • This is Compass Minerals’ 1st transaction in the Chemicals sector.
  • This is Compass Minerals’ 3rd largest (disclosed) transaction.
  • This is Compass Minerals’ 1st transaction in the United States.

M&A Deal Summary

Date 2009-04-06
Target Cutler-Magner - Salt Business
Sector Chemicals
Buyer(s) Compass Minerals
Sellers(s) Cutler-Magner
Deal Type Divestiture
Deal Value 4M USD

Target

Cutler-Magner - Salt Business

United States
Cutler-Magner is a provider of salt processing and packaging services.

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Buyer(S) 1

Buyer

Compass Minerals

Overland Park, Kansas, United States

website


Category Company
Founded 1993
Sector Distribution
Employees2,000
Revenue 1.4B USD (2020)
DESCRIPTION
Compass Minerals' corporate headquarters in Overland Park, Kansas.
Compass Minerals' corporate headquarters in Overland Park, Kansas.

Compass Minerals is a supplier of highway deicing products, helping to keep roadways safe in the U.S., Canada and the United Kingdom. Compass Minerals also provides food salt, water care products, packaged deicing, minerals for animal nutrition, and other salt and mineral products to consumers and industry throughout North America. Compass Minerals was founded in 1993 and is based in Overland Park, Kansas.


DEAL STATS #
Overall 1 of 6
Sector (Chemicals) 1 of 5
Type (Divestiture) 1 of 1
Country (United States) 1 of 2
Year (2009) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-10 Big Quill Resources

Wynyard, Saskatchewan, Canada

Big Quill Resources, Inc., is a producer of high-purity sulfate of potash (SOP) for non-agricultural specialty applications as well as for nutrients used by growers of high-value crops and turf.

Buy CA$56M

Seller(S) 1

SELLER

Cutler-Magner

Duluth, Minnesota, United States

Category Company
Founded 1880
Sector Chemicals
Revenue 15M USD (2008)
DESCRIPTION

Cutler-Magner Co., is a regional supplier of salt and lime products.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1