K+S considers itself a customer-focused, independent supplier of mineral products for the Agriculture, Industry, Consumers, and Communities segments. LOS ANGELES, April 30, 2021 /PRNewswire/ -- Stone Canyon Industries Holdings LLC ("SCIH"), Kissner Group Holdings minority owner and CEOMark Demetree, and affiliates today announced they have closed on their acquisition of K+S Aktiengesellschaft's Americas salt business, including Morton Salt, for a previously disclosed purchase price of $3.2 billion. Bruce Finkelman (left) and Craig Golden, the well-seasoned forces behind the Salt Shed. Morton Salt Collectible Advertising Mugs & Cups for sale | eBay Sterling Morton, the secretary of the company, fell instead for one of the substitute ads, which showed a girl holding in an umbrella in one hand and a package of trailing salt in the other. [24] In 2005, the Morton Salt Girl was shown in MasterCard's "Icons" commercial during Super Bowl XXXIX, which depicts several advertising mascots having dinner together. WASHINGTON, April 19 (Reuters) - K+S SDFGn.DE has won antitrust approval to sell its North and South American salt business, including Morton Salt, to Stone Canyon Industry Holdings LLC, the . Morton Salt was founded all the way back in 1848. Before his death in 1934, Joy (named after his mother, Caroline Joy French) donated a large portion of his farmland in Lisle, Illinois, to create The Morton Arboretum, which has since grown to1700 acres. Morton Salt expands its reach and footprint with strategic acquisitions and new product offerings. [26], Morton Salt is the sponsor of the Morton Arboretum, a 1,700-acre (690ha) botanical garden in Lisle, Illinois. Color. Going through You might have heard of water filters before. No injuries were reported, but 11 cars at the McGrath Acura dealership had to be dug out of the massive salt pile, proving that for Morton, when it rains, it really does pour. The companys Americas salt division -- famous for the Umbrella Girl logo -- expects the deal to close in summer 2021, K+S said Monday in a statement confirming a Bloomberg report. As we covered above, the only reason a salt company would sell water softeners -- and especially water softeners as inexpensive as the System Saver -- is so that they can sell more salt. Last updated: 1 April 2023 at 11:00am EST. However, if you want to look into something that can be just as inexpensive but better for the environment, we recommend taking a look at FilterSmarts line of water conditioners, which use thelatest technology in domestic water softening. Weve written about this before. pentru a v pune la dispoziie site-urile i aplicaiile noastre; pentru a autentifica utilizatorii, a aplica msuri de securitate i a preveni spamul i abuzurile; i. The salt binds to the resin, knocking the magnesium and calcium off into a discharge valve. As the Member of the Board of Executive Director of K+S AG, the total compensation of Mark Roberts at K+S AG is $1,728,800. This is so that you never have the softener regenerating during a time when everyone needs flowing water. He invented a machine that would coat the salt with a byproduct of salt mining, magnesium oxide. Mark Demetree, Executive Chairman and CEO of Kissner, said: "The closing of this acquisition is another milestone in our partnership with SCIH, and allows us to continue to expand Kissner's capabilities to deliver high quality products and service to our customers. Today, you might recognize them by their iconic Morton Salt Girl, who appears on every box of salt that they sell. "Without the divestiture, the proposed acquisition would substantially lessen competition in the sale of several types of evaporated salt, including round-can table salt, pharmaceutical-grade salt, and bulk evaporated salt," the department said. By continuing to use this site you consent to the use of cookies in accordance with our Privacy Policy. [10] The sale, completed by October 2009, was in conjunction with Dow Chemical Company's takeover of Rohm and Haas. a site-urilor i aplicaiilor noastre. Morton Salt - Overview, News & Competitors | ZoomInfo.com Salt demand continues during the rebuild. Specifically, the notoriously crankyRon Swanson (played by Nick Offerman). In the early 1980s, Morton Salt merged with Thiokol, a manufacturer of rocket-propulsion systems. Morton Salt Building Clears Major Hurdle To Secure Landmark Status Once researchers discovered that upping iodine intake could prevent the disease, and that it was inexpensive to mine and had no discernible taste, Morton Salt began adding it to their products. Based in Chicago,[1] the business is North America's leading producer and marketer of salt. If this is a representative sample of prospective System Saver users, that would suggest you still have, at best, a 1-in-10 chance of a one-star outcome. His career began as a Marketing Manager at Victaulic Corporation of America. The iconic Morton brand, coupled with the broadest footprint in the industry, has made the company a leader since 1848.. In the spot, called, simply, Icons, animated renditions of 10 classic brand mascots get together for a family-style dinner. Of his prescient decision, Sterling Morton later said, Here was the whole story in a picturethe message that the salt would run in damp weather was made beautifully evident., The Morton Salt girl, circa 1957.clotho98 via Flickr // CC BY-NC 2.0. What are people saying about it online, though? A lot has happened over the past 165 years. The Diversity Score tracks how positively diverse employees rate their experience at Morton Salt. A few years ago, though, a third-party study by Arizona State University looked at domestic alternatives to ion exchange water softeners and found that template assisted crystallization performed just as well, if not better, at preventing limescale buildup than ion exchange. On their website, they call themselves the quintessential American brand. However, in 2009, they were bought by the German chemical company K+S for a value of roughly $1.7 billion, and theyre still a K+S company to this day. Overnight on Wall Street is morning in Europe. The couple's luxury sometimes makes it to social media. SCIH was founded by Co-CEOsAdam CohnandJames Fordyce. But why so cheap? Salt demand continues during the rebuild. Are There Any Alternatives to Using this Much Salt? Repairs to part of the roof had also been neglected. Without caking, the potential of the saltshaker was realized. These symbols will be available throughout the site during your session. [8][9] About ten years later, Bevis Longstreth founded Thiokol Corporation, which merged with Morton Salt in 1982 to form Morton-Thiokol. Morton Salt, Inc. is a trusted authority in salt inNorth America. Which salt is best? - Slate Magazine Learn more about K+S at www.kpluss.com. Morgan Stanley and Asset Chile SA served as financial advisors to SCIH and Gibson, Dunn & Crutcher LLP and Bennett Jones LLP served as legal advisors. The story of Morton Salt began during the Gold Rush, which created a seemingly endless demand for salt for adventure-seekers moving west. The Agriculture segment offers potassium chloride for important crops, such as cereals, corn, rice, and soybeans; and fertilizer specialties that are used for crops for magnesium and sulfur, including rapeseed or potatoes, as well as for chloride-sensitive crops consisting of citrus fruits, grapes, or vegetables. The Morton System Saver has a very compact design thats only 17 wide, 21 deep, and 43 tall. The short answer is this: because the more waterion-exchange water softeners people buy, the more salt that they need. K + S, Morton Salt Sold for $3.2B - Snow Magazine The $3.2 billion price tag includes debt. A chemist, Richard A. Patton, was given the assignment to solve this problem. Its estimated that the sodium supply, buried 400 feet below Earths surface, could meet the worlds salt needs for the next 20,000 years. Morton Salt Code of Business Conduct and Ethics Thats a question well answer below, in the section titled with that same question. Bloomberg Daybreak Europe. If you ever find yourself driving through East Texas, make a pitstop at the Salt Palace Museum, a small exhibition space about 70 miles east of Dallas in Grand Saline. Reuters, the news and media division of Thomson Reuters, is the worlds largest international multimedia news provider reaching more than one billion people every day. A 45,000 grain capacity softener can easily supply families of up to 6 with constantly flowing water, but what else does the 45,000 grain water softener offer? You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. SCIH companies operate in essential industries that provide mission-critical products and services to customers around the world. Plan To Transform Morton Salt Building Into Riverfront Music Venue Morton Salt facility in Chicago, Illinois Salt mounds at Morton Salt in Newark, California History[edit] low end. Harry Morton Net Worth | Celebrity Net Worth Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. [17], Acquired in 1954,[4] the company owns the second-largest solar saline operation in North America, in Matthew Town, Inagua, The Bahamas. Continuing to blaze trails with product expansion, endowments and acquisitions, Morton embodies growth for a new millennium. His son, Sterling, also gave the deed to 1200 acres of Utahs Salt Lake wetlands to the Nature Conservancy in 1984. Based in Chicago,[1]the business is North America's leading producer and marketer of salt. AddisonandPause for Thoughtrefresh one of America's most well loved brands: Morton Salt. Morton Water Softener Salt Review. Is It Worth The Buy? Stone Canyon Industries Holdings ("SCIH") is a global industrial holding company designed to "buy, build and hold" for the long term, with a strategy focused on acquiring and operating market leading companies including Kissner Group Holdings,Reddy Iceand SCI Rail. Monitor your investments 24 hours a day, around the clock from around the globe. F or years, Bruce Finkelman looked at the massive Morton Salt sign above Elston . Morton will send you a water test strip to help you find out if you have hard water. Salt has been around since the dawn of time, used by humans for thousands and possibly tens of thousands of years. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. ", 2023 Minute Media - All Rights Reserved, had to be dug out of the massive salt pile. In December 2014, a wall at a Morton storage facility in Chicago partially collapsed, sending tons of salt spilling out onto the neighboring car dealership. On April 30, 2021, K+S Aktiengesellschaft sold its North and South American business units, including Morton Salt, to Stone Canyon Industry Holdings, Mark Demetree and affiliates for $3.2 billion. Nutritional Facts (Plain) pentru a ne dezvolta i mbunti produsele i serviciile. pentru a afia reclame i coninut personalizat pe baza profilurilor de interese; pentru a msura eficiena reclamelor i a coninutului personalizat; i. Salt has been around since the dawn of time, used by humans for thousands and possibly tens of thousands of years. Laurence Fein two-inch axe-style scraper oscillating knife blade. We enable farmers securing the world's food supply, provide solutions that keep industries running, enrich consumers' daily lives, and ensure safety in winter. But the story of Morton Salt actually dates back more than 60 years prior, to its founding in 1848. The Morton System Saver has a very compact design that's only 17" wide, 21" deep, and 43" tall. Both of them are on the lower end in terms of cost. [4], On April 2, 2009, it was reported that Morton Salt was being acquired by German fertilizer and salt company K+S for a total enterprise value of US$1.7 billion. "We are excited to move to the next stage of SCIH's acquisition of the iconic Morton Salt brand and the family of K+S Americas products," saidJames Fordyce, Co-Chairman and Co-CEO of SCIH. Copyright 1995-2021 Morton Salt, Inc. All rights reserved. water softeners people buy, the more salt that they need. But the story of Morton Salt actually dates back more than 60 years prior, to its founding in 1848. Available in both plain and iodized. And she doesnt look a day over 8-years-old. This has been Inagua's main industry since the late 1930s, when three American brothers, the Ericksons, came to the island and built a mechanized salt operation. The iconic Morton brand, coupled with the broadest footprint in the industry, has made the company a leader since 1848. Morton, which is owned by K+S, and US Salt, which is owned by Stone Canyon, are two of the three companies which make round-can table salt for the U.S. market and the only two companies which make pharmaceutical grade salt for the U.S. market which is needed for dialysis treatment and intravenous saline solutions, the department said. When typing in this field, a list of search results will appear and be automatically updated as you type. US Salt has been in operation for over 100 years and is operated as an independent entity within SCIH. personale n Politica noastr de confidenialitate i n Politica privind modulele cookie. K+S shares jumped almost 20%, the steepest intraday rise for more than six months, after the company earlier said it was in advanced talks about the divestiture. Some websites have this softener listed for anywhere from $600-800, which is pretty affordable. MORTON TABLE SALT - Morton Salt Morton Salt was initially. The Morton Salt Company's main facility comprises 300,000 acres on Great Inagua and produces about a million pounds of salt per year - the second largest saline operation in North America. Calcium silicate is now used instead for the same purpose. Morton Salt continues to break new ground into the 21st century with new partnerships, new products, new accolades and new beginnings for the brand in China. The roadside attraction sits a mile away from one of the countrys largest salt mines, which has been operated by Morton Salt since 1920. SPONSORED. The two. Amy Morton was born between the year 1958 or in 1959 in Oak Park, Illinois, United States. Morton Salt is proud to take its place in the history of salt. [11][12][13], In June 2016, a wall at the Morton Salt storage facility at 1308 N. Elston Avenue, in Chicago, collapsed and tons of salt and brick spilled suddenly onto several cars belonging to a neighboring dealership. The oldest executive at K+S AG is PhilipVon dem Bussche, 70, who is the Independent Member of the Supervisory Board, Shareholder Representative. Morton Salt Company | The Bahamas A decade later, Morton Salt (or Joy Morton and Co., as it was then known) had come to dominate the salt industry, with 500 loads of salt arriving at the Morton Salt plant in Chicago every 24 hours. 39% Promoters. Here's how past incumbents fared, URGENT: Palestinian prisoner dies in Israel after long hunger strike, First Republic Sale Fills Bankers With Relief and Worry, Morgan Stanley Plans 3,000 More Job Cuts as Dealmaking Slumps, Tony Nominations: It's Reckoning Time for ACrowded Broadway, Hollywood Writers Go On Strike, Seek Higher Pay in Streaming, The Sun the Banking World Revolves Around, The ECB Needs to Slow the Rate-Hike Express, More Companies Head to Space, But No One Can Agree on the Rules Up There, Why Chinese Banks Arent Worried About Depositors Fleeing, The Boring Old Box Truck Gets the Tesla Treatment, E. Jean Carroll Testifies TrumpCritic Conway Encouraged Her Lawsuit, Trump Is Denied Mistrial Over Unfair Rulings in E. Jean Carroll Case, ADBs New Climate Program to Offer Up to $15 Billion in Loans, Tycoon Adani Focuses on Energy as Green Unit Profit Soars, Germany Sets the New Standard for Cheap, National Mass Transit, Chinas Now Spurning Ugliest Buildings That Symbolized Its Meteoric Rise, Broke Chinese Gen Zs Turn Factory Town into Top Tourist Spot, How a Blackpool Gang That Couldnt Shoot Straight Pulled Off a $24.5 Million Crypto Heist, Coinbase Sued for Privacy Violations Over Customer Biometrics, Coinbase Insiders Sued for Dumping Stock, Saving $1 Billion.