Compass Minerals International Inc. (CMP)

Overview

Compass Minerals International, Inc., with its beginnings tracing back to 1844, solidifies its stature as a pivotal provider of essential minerals in the United States, Canada, the United Kingdom, and other international sectors. Initially named Salt Holdings Corporation, the company underwent a rebranding to Compass Minerals International, Inc. in December 2003. Its operational headquarters is nestled in Overland Park, Kansas. Through its strategic operations segmented into Salt and Plant Nutrition, Compass Minerals carefully meets the diversified needs of a global clientele, emphasizing the delivery of high-quality sodium chloride and magnesium chloride, alongside innovative plant nutrition products. This focused diversification has enabled Compass Minerals to assert its significance in essential minerals and plant nutrition industries.

Products and Services

Compass Minerals International uniquely positions itself through a wide range of products and services across two primary segments:

• Salt: Focused on the production, marketing, and sales of sodium chloride and magnesium chloride. This includes:
  • Rock Salt: Utilized primarily for roadway deicing, ensuring safer winter travel conditions.
  • Mechanically and Solar Evaporated Salt: Offers a variety of uses, including ingredient in chemical production and water treatment.
  • Brine and Flake Magnesium Chloride Products: Applied for both consumer and industrial purposes, contributing to improved road safety during icy conditions.
  • Specialty Products: Formulated by blending sodium chloride with potassium chloride and calcium chloride for targeted applications.
  These products find widespread applications in deicing, chemical production, water treatment, and as nutrition additives for human and animal consumption. Compass Minerals also extends its expertise to records management services, reflecting its versatility beyond mineral production.
• Plant Nutrition: This segment encapsulates the development, production, and marketing of specialty fertilizers and plant nutrition solutions, including:
  • Sulfate of Potash Specialty Fertilizers: Marketed under the Protassium+ brand, these fertilizers are designed for various applications, including broadcast spreaders, direct application, and liquid fertilizer solutions.
  • Turf Products: Tailored for the turf and ornamental markets, these products serve as crucial components for golf course greens and other high-value turf applications.
  • Organic Products: Cater to the growing market demand for organic farming solutions, highlighting Compass Minerals’ commitment to sustainable agriculture.
  • Magnesium Chloride-based Aerial and Ground Fire Retardant Products: A testament to Compass Minerals’ innovation, these products contribute significantly to forestry management and wildfire control efforts.
  These offerings are aimed at distributors, retailers of crop inputs, and growers, elucidating Compass Minerals’ role in enhancing agricultural productivity and sustainability.