Compass Minerals Inc., an Overland Park-based producer of road salt and fertilizer, on Monday announced an agreement to acquire the remaining 65 percent stake it doesn’t already own in a Brazilian plant-nutrient supplier.
The company purchased 35 percent of Produquímica Indústria e Comércio SA in December.
The expected price for the remaining stake is $310 million to $330 million. In addition, Compass said it will assume about $150 million in long-term debt, which would raise the total value of the deal to as much as $480 million.
The deal will add 12 to 15 cents of earnings per share this year, Compass said.
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“The purchase ... marks an important milestone for Compass Minerals in the execution of our growth strategy,” Compass CEO and president Fran Malecha said in a statement.
Compass said it expects to complete the purchase of the Sao Paulo-based company in October.