Compass Minerals Invests in Fortress North America
May 9, 2023
Compass Minerals made a $45 million equity investment in Fortress North America, increasing its minority stake to approximately 45% (building on a prior $5 million Series A investment). The financing will help Fortress scale its long-term fire retardant (LTR) formulations and expand production of magnesium chloride–based retardants developed using minerals supplied from Compass Minerals' Great Salt Lake operations.
- Buyers
- Compass Minerals
- Targets
- Fortress North America
- Industry
- Manufacturing
- Location
- California, United States
- Transaction Type
- Growth capital
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