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); Radha Curpen, 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.