K + S agrees to buy Morton Salt from Dow Chemical

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K + S agrees to buy Morton Salt from Dow Chemical
April 03, 2009
Source
LA Times

K+S of Germany agreed Thursday to buy Morton Salt from Dow Chemical Co. for $1.68 billion to become the world's biggest salt producer and reduce its dependence on potash fertilizer.

The announcement came just one day after Dow closed its $16.5-billion purchase of chemical maker Rohm &Haas Co., owner of Morton Salt.

Morton, founded in 1848, is North America's largest salt producer with 2008 sales of $1.2 billion.

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IngredientsMergers and Acquisitions
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Highlighted Company

  • Dow Agrosciences (Dow Chemical Company)

    Dow AgroSciences LLC provides agrochemical and biotechnology solutions. Dow AgroSciences is acquired by Corteva Agriscience.

  • K+S Minerals and Agriculture GmbH

    The K+S Group is one of the world's leading suppliers of standard and speciality fertilizers. In the salt business, measured by production capacity, K+S, with sites in Europe as well as North and South America, is the world's leading producer.

  • Morton Salt

    Morton is a supplier of salt and mixtures of salt designed for food processing industry.

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