Compass Minerals Acquires Minority Ownership Stake in Next-Generation Fire Retardant Company
Key ingredient in fire retardant products derived from Compass Minerals' Great Salt Lake solar evaporation production stream
Compass Minerals (NYSE:CMP), a leading global provider of essential minerals, today announced a $45 million equity investment in FORTRESS North America (Fortress), an early-stage long-term fire retardant (LTR) company dedicated to developing and producing a portfolio of more environmentally friendly and carbon neutral fire retardants to combat the devastating effects of wildfires in North America and around the world. This builds upon the initial $5 million Series A investment Compass Minerals made in Fortress, meaningfully increasing its minority equity stake owners
