Minosus - Full Control Gained
20 November 2006

20 November 2006

Veolia Environmental Services takes control of Minosus

Veolia Environmental Services, the UK’s largest waste management company, has reached an agreement with Compass Minerals to dissolve the Minosus joint venture in a cash-free transaction that has created two independent businesses.

The Minosus joint venture comprised a unique, underground hazardous waste storage facility and an underground document storage business. Both are located in separate, excavated areas of a 160 year old rock salt mine in Winsford, Cheshire.

Veolia Environmental Services has assumed control and ownership of the waste disposal business and will retain the Minosus name for this activity. The document storage business, known as DeepStore, will now be controlled and owned wholly by Compass Minerals.

Cyrille du Peloux, Veolia Environmental Services’ chief executive for UK and Northern Europe, commented: “We have had a successful partnership with Compass Minerals and our working relationship remains strong. This agreement to dissolve the two businesses will be mutually beneficial, allowing both ourselves and Compass Minerals to focus efforts on our respective areas of expertise, increasing the efficiencies of each business. On our part, this emphasises the ongoing development of our integrated offering to customers and is part of our general strategy to ensure customers are provided with a fully comprehensive range of solutions to suit all their requirements.”

-ends-

For more information please contact:
Dan Lester
020 7812 5035
dan.lester@veolia.co.uk

1. Notes to the Editor

Veolia Environmental Services, formerly known as Onyx and part of the Veolia Group, is one of the UK’s leading waste management companies operating in all of the industry sectors. With a sizeable presence throughout Britain, Europe and the World, Veolia Environmental Services employs 80,000 people worldwide, servicing more than 50 million inhabitants across 33 countries.

Veolia Environnement is the world leader in environmental services with 277,000 employees operating in 75 countries worldwide. The company’s four divisions—water, waste management, energy services and transportation—have been brought together under a single name: Veolia.

The new brand roll out, together with a new logo, illustrates the determination of the entire company to unite its divisions and heighten its public profile. Over time, the Veolia brand is set to become a benchmark worldwide for trust, reliability and expertise in environmental solutions.
Further information can be obtained by visiting the website:
www.veolia.com

2. Based in the Kansas City metropolitan area, Compass Minerals is the second-leading salt producer in North America and the largest in the United Kingdom. The company operates ten production and packaging facilities, including the largest rock salt mine in the world in Goderich, Ontario. In addition, Compass Minerals is North America's leading producer of sulfate of potash, which is used in the production of specialty fertilizers for high-value crops and turf, and magnesium chloride, which is a premium deicing and dust control agent. The company produces products for highway deicing, consumer deicing, water conditioning, consumer and industrial food preparation, agriculture and industrial applications.


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