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People & Business :: M&A
Mosaic acquires CF Industries' phosphates business for $1.4 billion
October 28, 2013 | Lindsay Frost
CF Industries (Deerfield, IL) announced today that it is selling its phosphates mining and manufacturing business to Mosaic for $1.4 billion in cash—which includes $200 million to fund CF asset retirement obligation escrow, the company says. Under the agreement terms, Mosaic is acquiring the 22,000-acre South Pasture phosphate mine and benefaction plant at Hardee County, FL; a phosphate manufacturing facility at Plant City, FL; and ammonia terminal and finished product warehouse facilities at Tampa, FL. The sale is expected to close in the first half of...
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