Compass Minerals Acquires Minority Ownership Stake In Next-Generation Fire Retardant Company
Nov 02, 2021•over 3 years ago
Acquiring Company
Compass Minerals
Acquired Company
Next-Generation Fire Retardant
Overland ParkMiningDescription
Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced a $45 million equity investment in FORTRESS North America (Fortress), an early-stage long-term fire retardant (LTR) company dedicated to developing and producing a portfolio of more environmentally friendly and carbon neutral fire retardants to combat the devastating effects of wildfires in North America and around the world. This builds upon the initial $5 million Series A investment Compass Minerals made in Fortress, meaningfully increasing its minority equity stake ownership to approximately 45%, with the opportunity to further increase that stake over time.
M&A Insights
Based on deal dataIntegration timeline
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Tech stack consolidation
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Post-acquisition investment
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