Materials M&A » By The Online Investor Staff, updated Wed., Jul. 6, 8:54 AM
Recent mergers and acquisitions in the Materials M&A category.
| This Slide: #33 of 80 |
Slide #33. The Mosaic Company — Florida Phosphate Business From CF Industries
Acquirer:
The Mosaic Company (MOS)
Acquiree:
Florida Phosphate Business From CF Industries (CF)
Details:
The Mosaic Company (NYSE: MOS) today announced it has signed a definitive agreement to acquire the phosphate business of CF Industries, Inc. (NYSE: CF) for $1.2 billion in cash plus $200 million to fund CF Industries' asset retirement obligation escrow. Under the terms of the agreement, Mosaic would acquire the 22,000-acre South Pasture phosphate mine and beneficiation plant in Hardee County, Fla., a phosphate manufacturing facility in Plant City, Fla., and ammonia terminal and finished product warehouse facilities in Tampa. The CF Industries' facilities currently produce approximately 1.8 million tonnes of phosphate fertilizer per year, which would be additive to the annual 8.2 million tonnes currently produced by Mosaic.
Mosaic is a producer and marketer of concentrated phosphate and potash crop nutrients. Co.'s reportable business segments: Phosphates, which owns and operates mines and production facilities in Florida that produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana that produce concentrated phosphate crop nutrients; Potash, which mines and processes potash in Canada and the U.S. and sells potash in North America and internationally; and Mosaic Fertilizantes, which produces and sells concentrated phosphates crop nutrients, phosphate-based animal feed ingredients and potash fertilizer.
Mosaic SEC Filing Email Alerts Service
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Mosaic is a producer and marketer of concentrated phosphate and potash crop nutrients. Co.'s reportable business segments: Phosphates, which owns and operates mines and production facilities in Florida that produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana that produce concentrated phosphate crop nutrients; Potash, which mines and processes potash in Canada and the U.S. and sells potash in North America and internationally; and Mosaic Fertilizantes, which produces and sells concentrated phosphates crop nutrients, phosphate-based animal feed ingredients and potash fertilizer.
Mosaic SEC Filing Email Alerts Service
Open the CF Page at The Online Investor »
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