Investor
Contacts:
Rodney L. Underdown
(913-344-9395)
Vice President and Chief Financial Officer |
Media
Contact:
Peggy Landon (913-344-9315)
Director of Investor Relations |
Peggy
Landon (913-344-9315)
Director
of Investor Relations |
|
SALT HOLDINGS CORPORATION CHANGES ITS NAME
TO COMPASS MINERALS INTERNATIONAL, INC. AND ANNOUNCES THE FILING
OF A REGISTRATION STATEMENT FOR AN INITIAL PUBLIC OFFERING
Overland Park, Kansas, November 5, 2003 - Salt
Holdings Corporation today announced that it has changed its name
to Compass Minerals International, Inc. (the "Company")
and has filed a registration statement on Form S-1 with the Securities
and Exchange Commission for an initial public offering of its common
stock.
The number of shares to be offered and the price range
for the offering have not yet been determined. All of the shares
to be sold in the offering are being offered by existing stockholders
of the Company.
The lead underwriters of the offering are Goldman,
Sachs & Co. and Credit Suisse First Boston LLC.
A registration statement relating to these securities
has been filed with the Securities and Exchange Commission, but
has not yet become effective. These securities may not be sold nor
may offers to buy be accepted prior to the time the registration
statement becomes effective. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state.
When available, a preliminary prospectus relating
to the proposed offering may be obtained from Goldman, Sachs &
Co., 85 Broad Street, New York, New York, 10004, Attn: Prospectus
Department, or Credit Suisse First Boston LLC, One Madison Avenue,
New York, New York 10010 (telephone no. 212-325-2580), Attn. Prospectus
Department.
The Company is the largest producer of rock, or highway
deicing, salt in North America and the United Kingdom, and operates
the largest highway deicing salt mines in these regions. The Company
is also the third largest producer of general trade salt in North
America and the second largest in the United Kingdom, serving major
retailers, agricultural cooperatives and food producers. In addition,
the Company is the largest producer of sulfate of potash in North
America, which is used in the production of specialty fertilizers.
Salt is one of the most widely used minerals in the world and has
a wide variety of end?use applications, including highway deicing,
food grade applications, water conditioning and various industrial
uses.
CONTACT: Michael E. Ducey, President and Chief Executive Officer,
Compass Minerals International, Inc. (telephone no. 913-344-9200).
Certain statements in 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
from those set forth in the statements. There can be no assurance
that such expectations will prove to be correct. Factors that could
cause the Company's results to differ materially from current expectations
include: general economic and business conditions, industry trends,
weather, raw material costs and availability, changes in demand
for the Company's products, actions of the Company's competitors
and the additional factors and risks contained in the Company's
registration statement on Form S-1 filed with the Securities and
Exchange Commission on November 5, 2003.
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