Cargill acquires Hersey salt business

HERSEY, Mich. - July 29, 2014 – Cargill has completed the acquisition of a salt production business in Hersey 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 (NYSE: MOS), 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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About Cargill

Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and nearly 150 years of experience. We have 143,000 employees in 67 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work. For more information, visit Cargill.com and our News Center.

About Mosaic

The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphate and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at www.mosaicco.com.