Germany’s K+S Aktiengesellschaft has agreed to sell its Americas salt business for $3.2 billion in cash to an investor group led by Stone Canyon Industries Holdings LLC. The Americas salt business includes K+S Chile, Morton Salt (USA) and K+S Windsor Salt (Canada). The deal was announced October 5 and is expected to close by next summer. K+S provides mineral products for the agriculture, industry, consumers and communities segments. The multi-disciplinary team advising K+S was led by Carsten Berrar in Frankfurt and Scott Crofton in New York. Matthew Friestedt and special counsel Regina Readling advised on executive compensation matters and Davis Wang advised on tax matters. Ari Blaut and special counsel John Anselmi advised on financing and Mehdi Ansari advised on intellectual property matters. Robert Schlein advised on real estate matters and European counsel Martin Gross-Langenhoff (Frankfurt) advised on European law. Special counsel Matthew Brennan advised on environmental matters and special counsel Eric Queen advised on regulatory matters. Steven Holley, Michael Rosenthal (Frankfurt) and Joseph Matelis (Washington, D.C.) advised on antitrust matters.
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