M&A Deal Summary

Compass Minerals International Acquires Cutler-Magner - Salt Business

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

Acquisition Highlights
  • This is Compass Minerals International’s 1st transaction in the Chemicals sector.
  • This is Compass Minerals International’s 3rd largest (disclosed) transaction.
  • This is Compass Minerals International’s 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 International, Inc.
Sellers(s) Cutler-Magner Co.
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 International, Inc.

Overland Park, Kansas, United States

website


Category Company
Founded 1993
SectorDistribution
Employees3,000
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 formed in 1993 and is based in Overland Park, Kansas.


DEAL STATS #
Overall 1 of 5
Sector (Chemicals) 1 of 4
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-10 Big Quill Resources, Inc.

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 Co.

Duluth, Minnesota, United States

Category Company
Founded 1880
SectorChemicals
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