Compass Minerals, Overland Park, Kan., said April 8 that it has into a definitive agreement to sell certain of its North America micronutrient assets to Koch Agronomic Services LLC, a subsidiary of Koch Industries, for approximately $60.25 million, payable at closing and subject to a closing inventory adjustment. Compass Minerals will sell substantially all assets related to the company’s Wolf Trax®, Rocket Seeds® and Hydro Bullet™ micronutrient product lines to Koch. Compass will retain its salt and sulfate of potash businesses.
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