Avrio-backed Wolf Trax to be bought by Compass Minerals for $95 mln
Wolf Trax Inc, a manufacturer of plant nutrition products, has agreed to be acquired by Compass Minerals (NYSE:CMP). The all-cash transaction is valued at $95 million. The acquisition will position the Overland Park, Kansas-based Compass Minerals for future growth with new products that serve a greater diversity of crops and geographies, the company said. The deal also provides an exit to Canadian venture capital firm Avrio Capital, which has been an investor in Winnipeg-based Wolf Trax since December 2010. Founded in 1998, Wolf Trax last year generated sales of approximately $20 million.
21 March 2014•3 mins read
