Bennett Jones Advises on $3.2-Billion Agreement to Acquire K+S Americas Salt Business, Including Morton Salt and Windsor Salt

Bennett Jones served as Canadian counsel to Stone Canyon Industries Holdings LLC (SCIH) and Kissner Group Holdings in their agreement to acquire K+S Aktiengesellschaft's North and South American salt business, including Morton Salt and Windsor Salt, for US$3.2 billion.

The closing of the transaction is expected to occur by summer 2021, subject to customary closing conditions, including anti-trust approvals.

The Bennett Jones team was led by John Mercury and James McClary (Corporate/M&A) and included Sander Grieve (Mining); Nicholas Emter, Steven Bodi, Osie Ukwuoma and Zach Johnson (Corporate/M&A); Melanie Aitken, Adam Kalbfleisch and Kyle Donnelly (Competition); Darcy Moch and Marshall Haughey (Tax); Jane Helmstadter, Alixe Cameron, Giovanna Campagna, Michael Ramsay and Samantha Lush (Real Estate); Sharon Singh and Venetia Whiting (Environmental/Regulatory); Ashley White (Oil and Gas); Karen Dawson and Noriko Shimura (Banking/Finance); Carl Cunningham and Talia Bregman (Labour/Employment); Susan G. Seller and Jaspreet Kaur (Pensions/Benefits); Simon Foxcroft (OH&S); Jeilah Chan and Matthew Flynn (IP/IT); Darrel Pearson and Jessica Horwitz (Trade); Julia Schatz (Product Regulatory); and Jesslyn Maurier (Insurance); and was assisted by Lavery de Billy, L.L.P. (Quebec counsel) and McInnes Cooper LLP (Nova Scotia and Maritime counsel).

SCIH is a global industrial holding company and owner of Kissner Group Holdings, a leading pure-play producer and supplier of salt in North America.

SCIH's news release on the transaction is available here.