IMC Global (also known as International Minerals and Chemical Corporation and Imcera) was a mining and production company, formerly listed on the S&P MidCap 400.[2] It was founded in 1909 as International Agricultural Corporation.[3] In 2004, IMC Global merged with Cargill, Inc.'s crop nutrition division to form The Mosaic Company, a crop nutrition company.[4]
History
IMC Global was incorporated as International Agricultural Corporation on June 14, 1909, by Walderman Schmidten in the state of New York.[5] A native German, Schmidten moved to secure entire capital in mines from his home country; he was successful in doing so with the Kaliwerke Sollstedt Gewerkschaft. Phosphate and potash production facilities were acquired in Tennessee and Florida. Capital stock of the International Agricultural Corporation was originally fixed at $15 million in July 1909, but increased to $36 million by April 1911.