CAMBRIDGE, ON, Oct. 27, 2015 /PRNewswire/ - Kissner Group Holdings LP ("Kissner" or the "Company"), the parent company of Kissner Milling Company Limited announced today that it has acquired B.S.C. Holdings Inc. ("BSC"), the parent company of both Central Salt, L.L.C. ("Central Salt") of Elgin, Illinois and Lyons Salt Company ("Lyons Salt") of Lyons, Kansas.
Central Salt is a leading supplier and marketer of bulk and packaged deicing products, as well as a leading supplier of agricultural salts. Lyons Salt is a vertically-integrated salt mine. Both companies serve commercial and governmental customers.
David Safran, Chief Executive Officer of Kissner commented, "The combination of our companies strengthens our ability to reliably supply high quality products and to provide exceptional service to our customers over a broader geographic footprint through multiple vertically-integrated mines. The transition process will be seamless to customers and is already underway."
Peter Powell, Chief Executive Officer of BSC, will serve on the Board of Directors of the combined companies, and will continue in his responsibilities as Chairman of the Salt Institute. Mr. Powell said, "We are excited about the opportunity that this combination represents for our customers, our employees and the Elgin and Lyons communities. Our combined companies will be ideally positioned to meet the needs of our customers in our diverse markets throughout North America."
Mark Demetree, Chairman of Kissner, added, "This transaction represents a solid platform for value creation for Kissner, by extending our offering and market reach through the acquisition of an established industry leader, with a long tradition of excellence and service in North American markets. As a result of this transaction, Kissner can now provide a wider range of products across a larger geographic area in North America."
Terms of the transaction will not be disclosed. All regulatory approvals have been received for this transaction.
About Kissner Group Holdings
Kissner Group Holdings is the parent company to Kissner Milling Company Limited and is owned by Metalmark Capital, Silvertree, a venture between Silverhawk Capital Partners and Demetree Salt, LLC, and the Kissner management team.
About Kissner Milling Company Limited
Headquartered in Cambridge, Ontario, Kissner Milling Company Limited is a leading producer and distributor of bulk rock salt and packaged specialty deicing products across North America. Kissner owns and operates a rock salt mine located in Detroit, Michigan, which began operations over 100 years ago and today is one of the most efficient and safest rock salt mines in North America. With a vertically-integrated supply chain for packaged deicing products, Kissner is highly differentiated in its industry and one of the most cost-competitive producers and distributors of bulk rock salt and other packaged deicing products, across its markets.
About BSC Holding, Inc.
Headquartered in Mission, Kansas, BSC Holding, Inc. is a leading producer and distributor of bulk rock salt and packaged specialty deicing products across North America. BSC Holding owns and operates a vertically-integrated rock salt mine located in Lyons, Kansas, which began operations over 100 years ago. Today, BSC Holdings has an outstanding safety record and a dominant position in the Kansas market. BSC Holding also owns and operates Central Salt, a leading supplier and marketer of bulk and packaged deicing products, as well as a leading supplier of agricultural salts.
SOURCE Kissner Group Holdings LP