OVERLAND PARK, Kan.--(BUSINESS WIRE)--Great Salt Lake Minerals Corp. and Big Quill Resources Inc., both subsidiaries of Compass Minerals (NYSE: CMP), will increase the price of all sulfate of potash specialty fertilizer products by $30 per short ton on orders shipped on or after October 1, 2011, or as contracts allow. This increase will apply to both standard and granulated products.
About Compass Minerals
Based in the Kansas City metropolitan area, Compass Minerals is a leading producer of minerals, including salt, sulfate of potash specialty fertilizer and magnesium chloride. The company provides highway deicing salt to customers in North America and the United Kingdom and specialty fertilizer to growers worldwide. Compass Minerals also produces consumer deicing and water conditioning products, ingredients used in consumer and commercial foods, and other mineral-based products for consumer, agricultural and industrial applications. Compass Minerals also provides records management services to businesses throughout the U.K.
About Great Salt Lake Minerals
Great Salt Lake Minerals Corporation has been operating on the shores of the Great Salt Lake near Ogden, Utah for forty years. The company produces and markets potassium sulfate (also known as sulfate of potash or SOP), salt and magnesium chloride using solar evaporation. Great Salt Lake Minerals is a wholly owned subsidiary of Compass Minerals.
About Big Quill Resources
Big Quill Resources Inc., located on Big Quill Lake near Wynyard, Saskatchewan, produces high-purity sulfate of potash for non-agricultural specialty applications as well as for nutrients used by growers of high-value crops and turf. Big Quill Resources is a wholly owned subsidiary of Compass Minerals and is Canada’s largest producer of SOP.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company's current expectations and involve risks and uncertainties that could cause the Company's actual results to differ materially. The differences could be caused by a number of factors including those factors identified in the “Risk Factors” sections of our Annual and Quarterly Reports on Forms 10-K and 10-Q. The Company undertakes no obligation to update any forward-looking statements made in this press release to reflect future events or developments.