257:, for nearly $ 53 million. Before the acquisition was completed, the deal was vetted by the Department of Justice and Federal Trade Commission, as the sale could allow IMC (now the owner of two mines in the area) to largely control the price of fertilizer. An independent study concluded that the deal would allow for the combination of resources in the region and substantially improve the efficiency of mining operations. Near the end of the year, IMC completed another acquisition, this time with Harris Chemical Group, Inc. for $ 450 million in cash and $ 950 million in assumed debt. The move further expanded its fertilizer and salt businesses.
230:, as all Germany imports were suspended during the war. This provided a record demand in potash for the years during and after the war. IMC later expanded production operations to other parts of the country, including California. For the next 30 years, IMC would continue its expansion by acquiring companies like E.J. Lavino and Company, Great Lakes Container Corporation, and Chemical Leaman Tank Lines. By 1975, IMC had procured operations in thirty-five states, Canada, and fifteen other countries.
237:, a leading chemical company headquartered in St. Louis. In April 1990 the company name became Imcera, after a year-long marketing study, but only briefly. In 1994 the parent company took the Mallinckrodt name for itself, then subsequently spun off its original businesses to a new publicly traded company known as IMC. The remainder of this history relates to the new IMC, which had different shareholders and management from the former IMC but basically the same staff and businesses.
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IMC Global was incorporated as
International Agricultural Corporation on June 14, 1909, by Walderman Schmidten in the state of New York. A native German, Schmidten moved to secure entire capital in mines from his home country; he was successful in doing so with the Kaliwerke Sollstedt Gewerkschaft.
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International
Agricultural Corporation changed its name to International Minerals and Chemical Corporation in late 1941, shortly before merging with United Potash and Chemical Corporation. Potash operations of IMC were greatly expanded due to the merger. Competition from other German mines
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During the first quarter of 1996, IMC acquired
Chicago-based fertilizer producer and distributor Vigoro Corp. for a $ 1.16 billion (~$ 2.08 billion in 2023) stock exchange. At this point, IMC Corporation was renamed to IMC Global and the potash operations became IMC Kalium.
253:, who retained their copper and gold mining ventures. The merger took place with an $ 800 million exchange in stock. Later in the year, it was announced IMC acquired Western Ag-Minerals Co., a subsidiary of Rayrock Yellowknife Resources, and its mine in
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broke out, demand for fertilizer declined while that for sulfuric acid skyrocketed. International
Agricultural Corporation was the largest owner and distributor of phosphate in the United States by the 1920s.
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announced a definitive agreement to merge its crop nutrition division with IMC. A naming competition was held for the new company and Mosaic was announced the winner in June.
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622:"The Mosaic Company Launches Today as Newest Fortune 500-sized, NYSE-listed firm"
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In 1997, a merger occurred between IMC and the previous parent company of
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In 1986 International
Minerals and Chemical Corporation acquired
188:) was a mining and production company, formerly listed on the
574:(3 ed.). American Bar Association. pp. 1150–1151.
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Mergers and
Acquisitions: Understanding the Antitrust Issues
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Phosphate and potash production facilities were acquired in
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Non-renewable resource companies disestablished in 2004
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Non-renewable resource companies established in 1909
375:"Cargill and IMC Global to Combine Fertilizer Units"
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324:"Standard & Poor's Announces Changes to Indices"
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401:Report on the Fertilizer Industry, August 19, 1916
449:. St. Louis Post-Dispatch (subscription required)
447:"What's in a Name? Mallinckrodt Goes Back to Inc"
349:"International Minerals and Chemical Corporation"
469:"Fertilizer Firms IMC and Vigoro Agree to Merge"
424:"INTERNATIONAL MINERALS NOW CALLS ITSELF IMCERA"
277:on October 25, 2004, and became the newest
182:International Minerals and Chemical Corporation
18:International Minerals and Chemical Corporation
404:. Washington: Government Printing Office. 1922
685:Defunct mining companies of the United States
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670:Fertilizer companies of the United States
596:"IMC Global to add Harris Chemical Group"
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519:"IMC Global to Acquire Freeport-McMoRan"
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675:Chemical companies of the United States
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665:Chemical companies established in 1909
27:US-based mining and production company
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680:Phosphate mines in the United States
495:"The Mineral Industry of New Mexico"
445:Steyer, Robert (9 September 1996).
373:Barboza, David (January 28, 2004).
196:'s crop nutrition division to form
690:Defunct mining companies of Canada
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302:"IMC Global Inc. Company Profile"
426:. Chicago Tribune. 25 April 1990
326:. MondoVisione. October 19, 2004
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570:Schlossberg, Robert S. (2008).
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710:2004 mergers and acquisitions
200:, a crop nutrition company.
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650:Defunct IMC Global website
351:. Harvard Business School
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77:(June 14, 1909
275:New York Stock Exchange
545:"IMC buys Western Ag"
273:began trading on the
131:Lake Forest, Illinois
551:on December 28, 2013
281:-sized firm listed.
255:Carlsbad, New Mexico
108:Merged with part of
602:. December 13, 1997
475:. November 14, 1995
261:Merger with Cargill
164:Number of employees
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627:. October 25, 2004
379:The New York Times
271:The Mosaic Company
198:The Mosaic Company
190:S&P MidCap 400
120:The Mosaic Company
523:Los Angeles Times
473:Los Angeles Times
265:In January 2004,
241:Further expansion
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235:Mallinckrodt
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228:World War II
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155:2.2 billion
126:Headquarters
279:Fortune 500
219:World War I
61:Agriculture
659:Categories
285:References
178:IMC Global
81:1909-06-14
65:Fertilizer
211:Tennessee
157:(FY 2003)
116:Successor
47:Traded as
453:10 March
430:10 March
57:Industry
52:NYSE:IGL
304:. Yahoo
215:Florida
204:History
144:Revenue
95: (
90:Defunct
79: (
71:Founded
578:
186:Imcera
170:(2003)
625:(PDF)
498:(PDF)
168:5017
633:2013
608:2013
576:ISBN
557:2013
531:2013
505:2013
481:2013
455:2020
432:2020
410:2013
386:2013
357:2013
332:2013
310:2013
213:and
184:and
105:Fate
97:2004
93:2004
661::
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
