Compass Minerals International, Inc.NYSE
Mon, Aug. 15, 4:57 PM
- Compass Minerals (NYSE:CMP) agrees to acquire the remaining 65% of Brazilian specialty plant nutrition company Produquímica Indústria e Comércio for $460M-$480M (including debt), based on expected 2016 performance.
- Produquímica makes and distributes various specialty plant nutrition products and specialty chemicals, primarily for the water treatment industry and for use in other industrial processes in Brazil; CMP purchased 35% of the company in December 2015.
- CMP expects the transaction to add $0.12-$0.15 to FY 2016 diluted EPS.