M&A Deal Summary

Kissner Milling Acquires US Salt

On October 31, 2017, Kissner Milling acquired chemicals company US Salt from Crestwood for 225M USD

Acquisition Highlights
  • This is Kissner Milling’s 1st transaction in the Chemicals sector.
  • This is Kissner Milling’s largest (disclosed) transaction.
  • This is Kissner Milling’s 1st transaction in the United States.
  • This is Kissner Milling’s 1st transaction in Montana.

M&A Deal Summary
Date 2017-10-31
Target US Salt
Sector Chemicals
Buyer(s) Kissner Milling
Sellers(s) Crestwood
Deal Type Divestiture
Deal Value 225M USD

Target

US Salt

Kansas City, Montana, United States
US Salt LLC utilizes solution mining to create salt brine from underground deposits lying 2,000 to 2,800 feet beneath the surface. The brine is mechanically evaporated to create evaporated salt, which is nearly 100 percent pure sodium chloride. US Salt’s customers include retailers, distributors and end-users in the consumer food, food processing, water conditioning, pharmaceutical, industrial and agricultural industries.

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Buyer(S) 1

Buyer

Kissner Milling

Cambridge, Ontario, Canada
Category Company
Founded 1878
Sector Chemicals
DESCRIPTION

Kissner Milling Co., Ltd. is a producer and distributor of bulk rock salt and packaged specialty deicing products across North America. Kissner was formed in 1878 and is based in Detroit, Michigan.

DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 2
Type (Divestiture) 1 of 1
State (Montana) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-17 NSC Minerals

Saskatoon, Saskatchewan, Canada

NSC Minerals, Inc. is a provider of salt for highway de-icing, industrial and agricultural applications, serving municipal, provincial and state governments. NSC Minerals was founded in 1988 and is based in Saskatoon, Saskatchewan.

Buy -

Seller(S) 1

SELLER

Crestwood

Houston, Texas, United States
Category Company
Founded 2001
Sector Energy Services and Equipment
Revenue 6.0B USD (2022)
DESCRIPTION

Crestwood is a master limited partnership that owns and operates midstream businesses in multiple shale resource plays across the United States. The company is engaged in the gathering, processing, treating, compression, and transportation of natural gas; storage, transportation, terminalling, and marketing of NGLs; gathering, storage, terminalling, and marketing of crude oil; and gathering and disposal of produced water. Crestwood was founded in 2001 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 4
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 4
State (Montana) 1 of 1
Country (United States) 1 of 4
Year (2017) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 Crestwood Midstream Partners

Houston, Texas, United States

Crestwood Midstream Partners LP is a provider of pipeline, gathering and processing, storage and other assets in the midstream energy sector to build a North American midstream business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Stagecoach

Owego, New York, United States

Stagecoach consists of 4 natural gas storage facilities with a total FERC-certificated working gas capacity of 41 billion cubic feet and 185 miles of natural gas pipelines.

Sell $1.2B
Mergr

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