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Mosaic Puts Nitrogen Fertilizer Subsidiary on the Block

7:08 AM MDT | June 23, 2008 | Kerri Walsh

The Mosaic Company and Investment Saskatchewan say they are seeking a buyer for their privately held nitrogen fertilizer company Saskferco Products (Belle Plaine, Saskatchewan). Saskferco produces granular urea and anhydrous ammonia at Belle Plaine. Saskferco’s sales and profits were not disclosed. "The sale of Saskferco will allow us to focus on our core businesses of potash and phosphates and to fund the planned expansions of our Saskatchewan potash mines and other non-U.S. assets,” Jim Prokopanko, president and CEO of Mosaic. "Provided that a fair value...

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