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Deseret Morning News
February 28th, 2004
Reilly Industries to sell operations in Wendover
- By Greg Kratz, Business Editor
Reilly Industries has signed an agreement to sell its brine and potash business including its Wendover brine facility to Intrepid Wendover Potash LLC, owned by Intrepid Mining LLC, the parent company of Moab Potash and Moab Salt.
The closing is expected on March 31. Financial terms were not disclosed.
Potassium chloride, commonly known as potash, and magnesium chloride, are recovered through surface extraction at the Wendover site, which has been owned by Reilly since 1988 and in continuous operation since 1932. Potash is a crop nutrient. Magnesium chloride brine is used for dust control, anti-icing, chemical intermediates and specialty fertilizers. |
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