246:, 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.
219:, 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.
226:, 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.
242:, 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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206:. Capital stock of the International Agricultural Corporation was originally fixed at $ 15 million in July 1909, but increased to $ 36 million by April 1911. As
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611:"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
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177:) was a mining and production company, formerly listed on the
563:(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
364:"Cargill and IMC Global to Combine Fertilizer Units"
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313:"Standard & Poor's Announces Changes to Indices"
390:Report on the Fertilizer Industry, August 19, 1916
438:. St. Louis Post-Dispatch (subscription required)
436:"What's in a Name? Mallinckrodt Goes Back to Inc"
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338:"International Minerals and Chemical Corporation"
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458:"Fertilizer Firms IMC and Vigoro Agree to Merge"
413:"INTERNATIONAL MINERALS NOW CALLS ITSELF IMCERA"
266:on October 25, 2004, and became the newest
171:International Minerals and Chemical Corporation
393:. Washington: Government Printing Office. 1922
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659:Fertilizer companies of the United States
585:"IMC Global to add Harris Chemical Group"
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508:"IMC Global to Acquire Freeport-McMoRan"
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16:US-based mining and production company
669:Phosphate mines in the United States
484:"The Mineral Industry of New Mexico"
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434:Steyer, Robert (9 September 1996).
362:Barboza, David (January 28, 2004).
185:'s crop nutrition division to form
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679:Defunct mining companies of Canada
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291:"IMC Global Inc. Company Profile"
415:. Chicago Tribune. 25 April 1990
315:. MondoVisione. October 19, 2004
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264:New York Stock Exchange
534:"IMC buys Western Ag"
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270:-sized firm listed.
244:Carlsbad, New Mexico
97:Merged with part of
591:. December 13, 1997
464:. November 14, 1995
250:Merger with Cargill
153:Number of employees
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616:. October 25, 2004
368:The New York Times
260:The Mosaic Company
187:The Mosaic Company
179:S&P MidCap 400
109:The Mosaic Company
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512:Los Angeles Times
462:Los Angeles Times
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230:Further expansion
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224:Mallinckrodt
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217:World War II
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144:2.2 billion
115:Headquarters
268:Fortune 500
208:World War I
50:Agriculture
648:Categories
274:References
167:IMC Global
70:1909-06-14
54:Fertilizer
200:Tennessee
146:(FY 2003)
105:Successor
36:Traded as
442:10 March
419:10 March
46:Industry
41:NYSE:IGL
293:. Yahoo
204:Florida
193:History
133:Revenue
84: (
79:Defunct
68: (
60:Founded
567:
175:Imcera
159:(2003)
614:(PDF)
487:(PDF)
157:5017
622:2013
597:2013
565:ISBN
546:2013
520:2013
494:2013
470:2013
444:2020
421:2020
399:2013
375:2013
346:2013
321:2013
299:2013
202:and
173:and
94:Fate
86:2004
82:2004
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
