23 April 1998: The American group IMC Global Inc. has completed its previously announced acquisition of privately held Harris Chemical Group Inc. (HCG) and its Australian affiliate, Penrice Soda Produ…
23 April 1998: The American group IMC Global Inc. has completed its previously announced acquisition of privately held Harris Chemical Group Inc. (HCG) and its Australian affiliate, Penrice Soda Products Pty. Ltd. for US$ 1.4 billion (see GlassOnline report of 5 February 1998). Under the terms of the acquisition, IMC Global purchased all of HCG“s equity for US$ 450 million in cash and assumed almost US$ 950 million in debt. The acquisition makes IMC Global the world“s third-largest producer of salt and soda chemicals.