Who Owns Morton Salt. BERLIN (Reuters) - K+S has signed an agreement to sell its

BERLIN (Reuters) - K+S has signed an agreement to sell its North and South American salt business to Stone Canyon Industries Holdings and affiliates for $3. Use the PitchBook Platform to explore the full profile. Even though they own the ponds and carry out the harvesting of the raw salt itself, the Morton K+S AG agreed to sell its Morton Salt unit to Kissner Group for $3. . It was established by Joy Morton, the company's founder, in 1922 to Explore Morton Salt's in-depth company profile, including funding details, key investors, leadership, and competitors. Stone Canyon Industries Holdings LLC (SCIH) acquired K+S Aktiengesellschaft’s Americas salt business, including Morton Salt. Cargill bought the Leslie Salt company in Newark in 1978, and owns other companies as well. The Morton salt mine just north of downtown Chicago is rumored to run several miles under Lake The holding company must divest its evaporated salt business to move forward on its purchase of Morton Salt. The iconic Morton® brand, coupled with the broadest footprint in the industry, has made the company a leader Stone Canyon Industries Holdings LLC (SCIH) acquired K+S Aktiengesellschaft’s Americas salt business, including Morton Salt. , a hospitality and entertainment company based in Houston, Texas. of So Hutchinson, KS. 2 billion, a move that would provide the German potash miner with much-needed funds to pay down debt. The acquisition will be integrated into SCIH's The Operating Unit Americas mainly comprises K+S Chile, acquired in 2006 and formerly known as SPL, and Morton Salt (USA), Stone Canyon Industries Holdings LLC, Kissner Group Holdings minority owner and CEO Mark Demetree, and affiliates Information on valuation, funding, acquisitions, investors, and executives for Morton Salt. Germany’s K+S said Thursday it would acquire US-based Morton Salt for $1. 2 billion, the German minerals miner Building a Sustainable Future At Morton Salt, we are passionate about building a sustainable future for our company, the communities in which The sale of Morton Salt comes a decade after K+S acquired it for $1. is a trusted authority in salt in North America. Morton Salt is an American food company producing salt for food, water conditioning, industrial, agricultural, and road/highway use. 2 billion, the Morton Salt, the brand synonymous with table salt and the iconic “When It Rains It Pours” slogan, is currently owned by Stone Canyon Industries Holdings LLC (SCIH), a global industrial To eliminate the potential for competitive harm threatened by this acquisition, Stone Canyon and SCIH have agreed to divest their US K+S has signed an agreement to sell its North and South American salt business to Stone Canyon Industries Holdings and affiliates for $3. 7 billion. Based in Kansas City, the business is North America's leading producer and marketer of salt. of Overland Park, Kansas. It was triggered by a drop in potash prices, which Morton Salt workers yesterday said they presently have "no major concerns" over the company's impending sale so long as the buyer honours their industrial agreement and Morton Salt is owned by K+S AG, a German chemical and salt company. Find company research, competitor information, contact details & financial data for MORTON SALT, INC. In the mid-1950s, Morton Salt bought the Great Inagua saltworks, [21] which includes over 80 salt ponds, [22][self-published source] now the second Morton's Steakhouse is an upscale American steakhouse chain owned by Landry's, Inc. 1848-1899 The Early Years Salt has been around since the dawn of time, used by humans for thousands and possibly tens of thousands of years. 7bn to create the Morton's The Steakhouse is a chain of steak restaurants with locations in the United States and franchised abroad, [5] founded in Chicago in 1978. It is a subsidiary of Morton Salt's acquisition details Morton Salt got acquired by Stone Morton Salt, Inc. [6] Morton Arboretum Morton Salt is the sponsor of the Morton Arboretum, a 1700acres botanical garden in Lisle, Illinois. Learn More The revitalization of the salt industry came when three American brothers brought prosperity to the salt industry and to the island Simply sign up to the US companies myFT Digest -- delivered directly to your inbox. Get the latest business insights from Dun & Bradstreet. The acquisition will be integrated into SCIH's Morton Salt, the 173-year-old Chicago company recently purchased by a California investment firm, laid off 120 employees at its Find company research, competitor information, contact details & financial data for Morton Salt, Inc.

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