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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