Compass Minerals completes another South American sale, exiting market
Overland Park-based Compass Minerals International Inc. announced Wednesday that it had completed the sale of its South American chemicals business.
The business was sold to a subsidiary of Cape Acquisitions LLC, Compass Minerals (NYSE: CMP) said in a release. It includes the company's remaining operations in Brazil, allowing Compass Minerals to exit the South American market.
The sale was an all-cash transaction. Compass Minerals received gross sale proceeds of about $51 million, based on current…
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