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Stone Canyon Industries Holdings Closes $2 Billion Acquisition of Kissner Group Holdings

Apr 01, 2020 - PR Newswire
Mergers and Acquisitions

PR Newswire

 Stone Canyon Industries Holdings LLC ("SCIH") today announced that it has closed the previously announced acquisition of the business of Kissner Group Holdings LP ("Kissner"), a leading pure-play producer and supplier of salt in North America, for a purchase price of $2.0 billion.

The acquisition was funded with a $900 million first lien term loan led by Morgan Stanley, Bank of America, BMO Capital Markets, Goldman Sachs, KKR Capital Markets, and Citizens Bank; $200 mil...