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City of London

UK’s Biggest De-Icing Salt Company Explores Sale

  • Compass Minerals invites bids for £200 million British unit
  • Sale comes as buyout firms grapple with chill in credit market

Compass Minerals International Inc. is exploring a sale of the UK’s biggest de-icing salt operations, according to people familiar with the matter, the latest in a flurry of mining deals.

The New York-listed essential minerals company has reached out to potential buyers for Compass Minerals UK and invited bids to be submitted in mid-July, said the people, who asked not to be identified because the discussions are private. The unit could fetch about £200 million ($243 million), the people said.