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DOJ Says Stone Canyon Must Divest US Salt Before Acquiring Morton to Keep Competition in the Salt Industry

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The Department of Justice (DOJ) announced in a press release on Monday that in order to preserve competition among table salt companies, it is going to require Stone Canyon Industry Holdings to divest US Salt before it acquires Morton Salt. The DOJ also filed a civil antitrust lawsuit in the District of Columbia District Court to block the acquisition alleging that consumers benefit from the competition between the two companies.
The DOJ said that a proposed settlement filed with the complaint, if approved, “would resolve the competitive harm alleged in the complaint. Under the settlement, Stone Canyon would divest its “entire evaporated salt business in order to proceed with their proposed acquisition,” and other assets, this includes divesting its subsidiary US Salt, which is a subsidiary of SCIH Salt Holdings Inc., formerly known as Kissner Group Holdings LP, which was acquired by Stone Canyon in April 2020. ....

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DOJ Says Firm Must Divest Salt Co. For $3.2B Morton Buy

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DOJ Says Firm Must Divest Salt Co. For $3.2B Morton Buy
Law360 (April 19, 2021, 8:47 PM EDT) Investment firm Stone Canyon Industries must sell its entire evaporated salt business to cease competition concerns regarding its $3.2 billion bid for K+S Aktiengesellschaft s Americas salt business, which includes Morton Salt, under a merger clearance settlement the U.S. Department of Justice announced Monday.
The DOJ Antitrust Division s concern is with Stone Canyon s control of US Salt LLC, which it picked up when it bought Kissner Group Holdings LP later renamed SCIH in April of last year. Morton and US Salt, the DOJ said, are two of just three U.S. producers of round-can table salt, and concerns over their combination. ....

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Industrial Salts Market Size Worth $24.14 Billion By 2027 | CAGR of 5.4%, Growing consumption of caustic soda and soda ash is resulting in rising demand for industrial salts in chemical processing industries | Reports and Data

Home / Top News / Industrial Salts Market Size Worth $24.14 Billion By 2027 | CAGR of 5.4%, Growing consumption of caustic soda and soda ash is resulting in rising demand for industrial salts in chemical processing industries | Reports and Data
Industrial Salts Market Size Worth $24.14 Billion By 2027 | CAGR of 5.4%, Growing consumption of caustic soda and soda ash is resulting in rising demand for industrial salts in chemical processing industries | Reports and Data
Key players in the market include Compass Minerals America Inc., K+S AG, China National salt Industry Co., Cargill, Inc., Mitsui & Co. Ltd., Tata Chemicals Ltd., Exportadora de Sal de C.V., Dominion Salt Ltd., Rio Tinto Group, and Morton Salt, among others. ....

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