Cargill acquires Mosaic’s salt business
Cargill has completed the acquisition of a salt production business in Hersey, Mich., from the Mosaic Company. Terms were not disclosed.
"This is a well-run facility," said Marcelo Montero, president of Cargill Salt. "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."
Montero said the Cargill team is looking forward to being a supportive member of the Hersey area community in the same way it does at other Cargill locations.
In November 2013, The Mosaic Company, a crop nutrition company, announced it would stop producing potash in Hersey and sell the plant as a salt operation. 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 staffing level.
Cargill Salt has a production facility at St. Clair, Mich., along with several other locations in the United States, Bonaire (Netherlands Antilles), and Venezuela.
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