OVERLAND PARK, Kan.--(BUSINESS WIRE)--Sep. 30, 2012--
Sifto Canada Corp., a subsidiary of Compass Minerals (NYSE: CMP), has
signed a new collective agreement with the Communications, Energy and
Paperworkers Union Local 16-O, which represents approximately 400
employees at the company’s salt mine in Goderich, Ontario. The agreement
was ratified by the union membership on September 29, ending the union’s
strike which began August 20.
A tentative agreement had been reached on August 28. The union remained
on strike an additional four weeks until the new three-year agreement
was ratified on Saturday.
“We’re pleased that the union has ratified the mutually beneficial
agreement, and we look forward to having all of our Goderich mine
employees back to work,” said Angelo Brisimitzakis, Compass Minerals’
president and CEO. “Production and shipping continued during the strike;
our customers should have all the salt they need this upcoming winter.”
The final agreement, which includes competitive wage increases, more
flexible production scheduling and skill improvements associated with
the company’s investment in continuous mining technology, has no
material changes from terms of the tentative agreement the parties
previously reached.
About Sifto Canada Corp.
Sifto Canada Corp. operates the world’s largest rock salt mine in
Goderich, Ontario, and is Canada’s leading provider and marketer of
highway and consumer deicing salt. Sifto also operates mechanical
evaporation facilities in Goderich and at two other sites in Canada,
providing high-quality food salt, water care minerals, agricultural
minerals, and many other high-purity consumer and industrial salt and
mineral products. Sifto is a wholly owned subsidiary of Compass
Minerals. For more information, visit www.siftocanada.com.
About Compass Minerals
Based in the Kansas City metropolitan area, Compass Minerals is a
leading producer of minerals, including salt, sulfate of potash
specialty fertilizer and magnesium chloride. The company provides
highway deicing salt to customers in North America and the United
Kingdom and specialty fertilizer to growers worldwide. Compass Minerals
also produces consumer deicing, water conditioning and pool products,
ingredients used in consumer and commercial foods, and other
mineral-based products for consumer, agricultural and industrial
applications. The company also provides records management services to
businesses throughout the U.K. For more information, visit www.compassminerals.com.
This press release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on the company's current expectations and involve
risks and uncertainties that could cause the company's actual results to
differ materially. The differences could be caused by a number of
factors including those factors identified in the "Risk Factors"
sections of our Annual and Quarterly Reports on Forms 10-K and 10-Q. The
company undertakes no obligation to update any forward-looking
statements made in this press release to reflect future events or
developments.
Source: Compass Minerals
Compass Minerals
Peggy Landon, 913-344-9315
Director, Investor
Relations and
Corporate Communications