Compass Minerals Enters Into a Definitive Agreement to Sell North America Micronutrient Assets

OVERLAND PARK, Kan.–(BUSINESS WIRE)–Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced that the company has entered into a definitive agreement to sell certain of its North America micronutrient assets to Koch Agronomic Services, LLC (Koch), a subsidiary of Koch Industries, for approximately $60.25 million, payable at closing and subject to a closing inventory adjustment.

The transaction represents another strategic step by Compass Minerals to optimize its asset portfolio to focus on the company’s core operations. This includes three location-advantaged salt mines in North America and the U.K., a number of North American production and packaging facilities, and solar evaporation…