IMC Inc history

With that in mind, Meadows & Co. changed its name in 1899 to United States Agricultural Corporation and began acquiring the assets it would need to survive in the rapidly consolidating fertilizer industry.

In 1900 it gained control of two companies engaged in the Florida phosphate mines, Florida Mining Company and Peoria Pebble Phosphate Company.

By 1910 IAC was firmly established as one of the handful of consolidated companies dominating the United States fertilizer business.

IAC temporarily lost access to its Sollstedt mine in Germany, but upon the war's conclusion in 1918 resumed its imports of potash, leaving to other companies the 20-year search for North American deposits.

Phosphate, however, remained the strength of IAC. The company continued to buy or lease acreage in the central Florida area, where in 1929 it pioneered the flotation method for separating phosphate pebbles from surrounding sludge, thereby greatly increasing the yield potential of any given mine.

By 1939 IAC was the largest producer of phosphate rock in the world.

As if anticipating the postwar explosion in its foreign trade, IAC in 1941 changed its name to International Mineral & Chemical, Inc. (IMC) and also shifted its headquarters from Atlanta to downtown Chicago.

With the war's end in 1945, American agricultural methods were studied and adopted by nations first awakening to the problems of overpopulation and land exhaustion, and America's agriculture depended above all else on large quantities of fertilizer.

In 1949, Mr Frank Tsao started out with a small trading business, went on to buy his first ship and co-founded the Great Southern Steamship Co.

IAC has remained one of the largest American producers of potash, pioneering several new techniques at the Carlsbad mine and in 1962 opening a second major deposit at Esterhazy, Saskatchewan.

In 1963 IMC made its belated entry into the nitrogen business, forming a joint venture with Northern Natural Gas of Omaha, Nebraska, to build an ammonia plant on the Mississippi River in Cordova, Illinois.

Ltd.. In 1966, he founded International Maritime Carriers Ltd. (IMC) in Hong Kong, a shipping company which eventually grew into a substantial enterprise with ships transporting a wide range of commodities worldwide.

The company also took a few tentative steps toward diversifying its holdings with the 1967 purchase of two industrial mineral firms and the acquisition a few years later of several container companies.

In 1971, James Maynard returned to his hometown and raised funds from friends and local businessmen to form IMC with the modest goal of opening a family-oriented restaurant.

IMC Partner Since: 1973

1975 was also the year in which IMC's new state-of-the-art processing plant began operations near Mulberry, Florida, increasing the company's production of phosphate and other chemicals in anticipation of energy-driven cost and price surges.

About: Fleet Feet opened its doors in 1976 in Sacramento, California, and has been outfitting runners with the right gear and knowledge ever since.

IMC Finance Ltd is a public Company incorporated on 7h September 1982.

When the fertilizer market hit a ten-year low in 1986, new IMC Chairman George Kennedy succeeded at last in diversifying the company's holdings with the purchase of Mallinckrodt Corporation from Avon, Inc., for $675 million.

When fertilizer prices rose briefly in early 1988, he sold off 62 percent of IMC's stock in a public offering, then gradually sold the remainder of IMC's holdings back to IMC itself.

By means of this adroit maneuver, IMC freed itself of the troubled fertilizer business while picking up the cash to make another major purchase in 1989, when it added Cooper Animal Health Group.

The suit was brought by various parties following an explosion at a nitroparaffin plant in Sterlington, Louisiana, in May of 1991; eight employees were killed and many injured by the explosion, which occurred in a plant operated by IMCF although owned by Angus Chemical Company.

With one half of all United States phosphate production, the new joint venture would obviously dominate a healthy phosphate market, but as of 1993, it remained only the largest player in a losing game.

However the history of the business development by existing shareholders goes back to 1998.

He privatised IMC in 2002, so that the Group could take advantage of the unprecedented global shipping boom, resulting from China’s spectacular economic growth.

The foundation of the Company – in 2006, the IMC group was created by the Advent International, a global private equity firm, with the acquisition of the La Mansión group in México.

The first acquisition in Brazil – in 2007, IMC acquired RA Catering – one of the leaders in food retail concession and airline catering in Brazil.

The most significant acquisitions in Brazil – in 2008, IMC acquired the Viena chain, one of the largest restaurant groups in Brazil, and Frango Assado, one of the largest operators of highway service plazas in the state of São Paulo.

In 2010 raw milk output reached 16,100 tonnes, milk yields were 25% higher as compared with the Ukrainian average.

In May, 2011 the Company completed IPO on Warsaw Stock Exchange, IMC raised US$24,4 mln to finance development of the company.

IMC Partner Since: 2012

About: In 2013, Taco Bamba began as a carryout taqueria.

In January 2014, IMC attracted a $30 million long-term loan from the International Finance Corporation (IFC, a member of the World Bank Group).

End of operations in Mexico – in 2015, the Company sold its operations in Mexico.

After leading various teams within IMC, Quinton Maynard succeeded his father as Chairman and CEO in 2016.

According to the decision taken at the Extraordinary Meeting of Shareholders held on 26 April 2017, Industrial Milk Company S.A. officially changed its name to IMC S.A.

It was listed on the Bombay Stock Exchange (BSE). But however effective from 22 November 2018 the Company applied to BSE authorities for de-listing of their shares.

At 1.79 million, demat accounts opened in June fewest since Feb 2021