HOUSTON (ICIS)--Cargill has completed the acquisition of a salt production business in Hersey, Michigan from fertilizer producer Mosaic, the US agribusiness titan said on Tuesday.
Minneapolis-based Cargill did not disclose the financial terms but said it was a solid acquisition for the company as the plant had been well maintained by the fertilizer producer, who announced in November it would stop producing potash at the facility and look to divest the operation to a salt producer.
“Hersey gives us an additional location to provide our customers with a variety of quality products. It will also allow us to compete for new business,” said Marcelo Montero, president of Cargill Salt.
Montero said Cargill will operate Hersey as a salt facility, producing primarily water softener salt and salt products used in agriculture.
The Hersey business currently employs about 80 people, and Cargill expects it will probably have a similar amount of workers.
Cargill Salt has a production facility at St. Clair, Michigan, along with several other locations in the US, Netherlands Antilles and Venezuela.