International Minerals & Chemical

Company History: IMC Global (also known as International Minerals and Chemical Corporation) was a mining and production company, previously listed on the S&P MidCap 400. It was originally founded in 1909 as International Agricultural Corporation. In 2004, IMC Global merged with Cargill, Inc.'s crop nutrition division to form The Mosaic Company, a crop nutrition company.

IMC Global was incorporated as International Agricultural Corporation on June 14, 1909 by Walderman Schmidten in the state of New York. 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. As World War I broke out, demand for fertilizer declined while that for sulfuric acid skyrocketed. International Agricultural Corporation was the largest owner and distributor of phosphate in the United States by the 1920s.



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