Who owns Morton Salt?
The iconic Morton Salt is an American food company producing salt for food, water conditioning, industrial, agricultural, and road/highway use. Who owns Morton Salt? The company began in Chicago, Illinois, in 1848 as a small sales agency, Richmond & Company, started by Alonzo Richmond as agents for Onondaga salt companies to sell their salt to…
The iconic Morton Salt is an American food company producing salt for food, water conditioning, industrial, agricultural, and road/highway use.
Who owns Morton Salt?
The company began in Chicago, Illinois, in 1848 as a small sales agency, Richmond & Company, started by Alonzo Richmond as agents for Onondaga salt companies to sell their salt to the Midwest. In 1910, the business, which had by that time become both a manufacturer and a merchant of salt, was incorporated as the Morton Salt Company.
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. The deal closed in April 2021. The Morton Salt Company’s current headquarters office is in the River Point building at 444 West Lake Street in Chicago, becoming its first tenant in December 2016. Its previous headquarters was at 123 North Wacker Drive.
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.
