Mosaic To Relocate Headquarters To Hillsborough County
The Mosaic Company announced late Monday that it intends to move its corporate headquarters to Hillsborough County
By Don Johnson, Patch National Staff | May 14, 2018 7:10 pm ET | Updated May 14, 2018 7:43 pm ET
TAMPA, FL – The Mosaic Company announced late Monday that it intends to move its corporate headquarters, including senior executives and related functions, from Plymouth, Minn. to Hillsborough County. Details of the move, including timing, the exact location of the corporate office and the number of employees to be relocated, remain under consideration.
“Mosaic is among the largest employers and most significant corporate economic drivers in Central Florida,” said Mosaic President and CEO Joc O’Rourke. “We believe locating our corporate office there will give us opportunities to amplify Mosaic’s presence (in Central Florida) and engage more closely with communities where we operate. With the cost savings we expect to achieve and the closer proximity to our Mosaic Fertilizantes business in Brazil, this move will drive improved efficiency and good value.”
Mosaic is a Fortune 500 company with over 100 years of phosphate mining history in the U.S. It is the world’s largest combined producer of potash and phosphates, two vital plant nutrients. Mosaic already had its largest domestic presence in Florida, where it employs 3,000 Floridians and an additional 3,000 contractors.
During the 2017 calendar year, Mosaic’s economic impact in Florida included a $465 million in payroll.
“We are thrilled that Mosaic is moving its corporate headquarters to Hillsborough County,” said Sandy Murman, chair of the Hillsborough County Board of County Commissioners. “Mosaic has had a significant presence here for a century, directly employing thousands of county residents and supporting tens of thousands of jobs related to the phosphate and fertilizer industry and at Port Tampa Bay. In addition to helping to drive our local economy, Mosaic has contributed millions of dollars and countless volunteer hours over the past several decades to local nonprofit organizations. We thank Mosaic for strengthening their commitment to our community and look forward to supporting them as they establish their headquarters in Hillsborough County.”
In recent years, the company significantly expanded its business into South America, acquiring Archer Daniels Midland Company’s fertilizer distribution business in Brazil and Paraguay in 2014 and Vale Fertilizantes in Brazil in 2018.
The company said the move will allow it to reconsider its U.S. office footprint, including its spaces in Plymouth, as well as its FishHawk and Highland Oaks locations in Florida. As a result of the company’s transformation in recent years, excess office space exists at those locations, according to a press release.
“We will execute this move with as little disruption as possible and with sensitivity to our employees’ personal situations,” O’Rourke said. “Mosaic is fortunate to have a deeply talented workforce, and we fully intend to maintain that competitive advantage.”
“Recruiting corporate headquarters is a top priority of our three-year strategic plan,” said Alan F. List, chairman of the Tampa Hillsborough Economic Development Corporation and president and CEO of Moffitt Cancer Center. “Mosaic’s selection of Hillsborough County proves that this community offers the business climate, talent, cost advantages, and quality of life that a Fortune 500 global headquarters operation requires. We will be delighted to welcome Mosaic’s relocated team and look forward to helping them discover everything they need to thrive here.”
