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K + S AG's Subsidiary Acquires Solne Mlyny a.s.
K + S AG announced that its wholly owned subsidiary european salt company GmbH & Co. KG (esco) has acquired the Czech salt processing company Solne Mlyny a.s. (SMO). The closing of the transaction occurred on January 3, 2011. esco is acquiring SMO from the Czech trading group EQUUS, which has been undergoing insolvency proceedings since mid-2010. SMO is a supplier of salt products in the Czech Republic and also operates in other European markets. The purchase price is in the mid-single-digit million EUR range. Financial details were not disclosed.
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