Germany’s K+S acquires Czech salt company Solne Mlyny

03 January 2012 15:40  [Source: ICIS news]

LONDON (ICIS)--K+S has acquired Czech salt firm Solne Mlyny in order to further strengthen its position on the East European salt market, the Germany-based fertilizer firm said on Tuesday.

K+S said it acquired Solne Mlyny from insolvent Czech trading firm, EQUUS.

K+S’ purchase price was in the “middle one-digit million euros” range, it said without disclosing the exact price.

Solne Mlyny employs a staff of 70 and operates a salt processing plant in Olomouc. It sells around 100,000 tonnes/year of various salt products in the Czech and other European markets.

Kassel-based K+S handled the acquisition through its european salt company (esco), it said.

In 2009, K+S acquired Morton Salt from Dow Chemical to become a major salt supplier in North America.

For more on K+S and other producers visit ICIS company intelligence

By: Stefan Baumgarten
+1 713 525 2653

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