Altas Partners Completes Sale of NSC Minerals
Toronto, ON – January 17, 2019 – Altas Partners today announced that it has completed the sale of NSC Minerals Ltd. (“NSC” or the “Company”), a market-leading provider of salt products in Western Canada and the North Central United States. Financial terms of the transaction were not disclosed.
NSC is a leading producer of salt products to provincial, state, and municipal governments, contractors, and industrial customers. The Company offers a wide range of bulk, industrial, and packaged products used in critical applications such as road de-icing.
“Altas was a great partner to our management team,” said Neil Cameron, President and CEO of NSC Minerals. “Consistent with their approach, Altas has supported investments that have positioned NSC for long-term success. We are grateful for the insight they have provided, including supporting key strategic decisions and areas of investment across the business, and thank them for their partnership.”
“It has been a privilege to partner with Malcolm Leggett, NSC’s visionary founder, CEO Neil Cameron and the entire NSC team over the past many years,” commented Andrew Sheiner, Founder and Managing Partner of Altas Partners. “Through a collaborative partnership, we were able to enhance operational performance considerably, driven by logistics optimization and strategic capital investment throughout NSC’s network. We wish the NSC team all the best as they continue to build this wonderful business in the years to come.”
About NSC Minerals Ltd.
Founded in 1988 and based in Saskatoon, Saskatchewan, NSC is a market-leading provider of salt for de-icing, industrial, and agricultural applications. NSC distributes product through a best-in-class logistics network to customers including provincial, state, and municipal governments, contractors, and industrial customers in Western Canada and the North Central United States.
For more information: https://nscminerals.ca
About Altas Partners
Altas Partners is an investment firm with a long-term orientation focused on acquiring significant interests in high-quality, market-leading businesses in partnership with outstanding management teams. Key elements of the firm’s approach include responsible capital structures, active ownership through strategic and operational support and an emphasis on sustainable value creation. Altas invests on behalf of endowments, foundations, public pension funds and other institutional investors.
For more information: https://www.altas.com
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