OVERLAND PARK, Kan.--(BUSINESS WIRE)--Aug. 28, 2012--
Sifto Canada Corp., a subsidiary of Compass Minerals (NYSE: CMP), has
reached a tentative agreement with the Communications, Energy and
Paperworks Union Local 16-O, which represents employees at the company’s
salt mine in Goderich, Ontario. Union officials have indicated that they
intend to put the agreement to a ratification vote in early September.
The mine’s management will continue to produce and ship rock salt to
customers at reduced rates until union members ratify the agreement and
return to work.
“We’re pleased that we could work with union negotiators to reach a
mutually beneficial tentative agreement on all matters pertaining to a
new three-year collective agreement,” said Angelo Brisimitzakis, Compass
Minerals’ president and CEO. “We are looking forward to our Goderich
mine employees returning to work as soon as possible.”
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 is a premier provider of
high-quality food salt, water care minerals, agricultural minerals, and
many other 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