Compass Minerals Closes On Wolf Trax Acquisition
Compass Minerals expands its position in the agricultural fertilizer market through the acquisition of Wolf Trax Inc., a global innovative plant nutrition company. The acquisition was finalized April 1, 2014.
“We are excited about this opportunity and looking forward to fueling the growth that Wolf Trax has demonstrated,” says Keith Espelien, senior vice president, specialty fertilizer with Compass Minerals. “It’s important to emphasize that business continues as usual – we understand how critical this busy spring season is to the agricultural industry. Fertilizer dealers can continue to access DDP Nutrients and other Wolf Trax products through their traditional distribution channels.”
Wolf Trax Nutrients Ideal For Compressed, Late Spring
Mark Goodwin, vice president of research and development for Wolf Trax, emphasizes that DDP Nutrients and PROTINUS seed-applied fertilizer are ideal for fertilizer dealers and farmers dealing with a compressed, late spring. “Wolf Trax nutrients are designed to get into the plant early, which will be very important to get the crop up and out of the ground in cool, wet soils, or if planting is delayed. PROTINUS is also a good fit under challenging conditions as it enhances early plant vigor, resulting in earlier emergence and longer, stronger root growth.”
The Wolf Trax DDP (Dry Dispersible Powder) formulation is available for zinc, boron, magnesium, manganese, iron, copper and calcium.
“We are extremely pleased to be adding the leading products and strong pipeline of innovations from Wolf Trax to our Compass Minerals portfolio,” says Espelien. “Compass Minerals will become a one-stop shop for growers and retailers seeking premium plant nutrition products.”
Wolf Trax nutrients have been recognized by fertilizer retailers and growers around the world as doing a better job of delivering important micronutrients and secondary nutrients to crops, compared to traditional granular micronutrients. Over the past decade, proven product performance in farmers’ fields has resulted in strong growth throughout North America, Latin America and Europe.
“Wolf Trax has built a business on innovation and a commitment to technical and sales service,” explains Espelien. “Compass Minerals looks forward to nurturing that legacy and allocating additional resources to provide even more value to the agricultural industry in the future.”