CHICAGO, Oct. 20, 2020 /PRNewswire/ -- Morton Salt, one of America's favorite and most enduring brands, has debuted a fresh new look on packaging to … Morton Salt said in addition to the union’s failure and or refusal to attend to agreed negotiations, the BIMAWU has also rejected the Company’s counter-proposal for a new Industrial Agreement without presenting a counter-proposal, while making it clear that it did not intend to resume negotiations with the Company in good faith or at all. Morton Salt News & Media Morton Salt Pours Out Modern New Look On Packaging CHICAGO, Oct. 20, 2020 /PRNewswire/ -- Morton Salt, one of America's favorite and most enduring brands, has debuted a fresh new look on packaging to bring more flavor to its entire line-up of … People … Morton Salt, Inc.'s top competitors are Cargill, Diamond Crystal Brands and General Mills. German K+S, owner of the Morton Salt brand, recently put its salt portfolio up for sale to reduce debt that had soared following an investment in a new Canadian potash mine. Morton Salt … As a result of Morton's closure, Island Administrator Preston Cunningham predicted that hard times are ahead for residents. The company acquired Morton Salt in 2009 for about $1.7 billion. Competitors include American Rock Salt and Compass Minerals International Inc., which has been raising the efficiency of its salt operation. The iconic Morton® brand, coupled with the broadest footprint in the industry, has made the company a leader since 1848. Get your Funko Pop! The Chicago Plan Commission has approved the adaptive reuse of the former Morton Salt Warehouse Complex.Located at 1357 N Elston Avenue, the former manufacturing complex is bound by the north branch of the Chicago River to the east, N Elston Avenue to the west, and W Blackhawk Street to the north. Consumers have been reaching for Morton Salt for more than a century – and still today, we’re giving them new reasons to choose us. Plan To Transform Morton Salt Building Into Riverfront Music Venue, Office Space Gets Early Approval. Size 4.2 acres . MORTON SALT COMPANY. Morton Salt Pours Out Modern New Look On Packaging. MortonSalt.com uses cookies to provide you with a great user experience and track data to improve performance. “With the sale of our Americas salt business, we are taking a giant step in reducing debt,” Lohr said in Monday’s statement. Morton Salt News and Updates. While most know us for our iconic round blue package of table salt, there is a lot more to Morton. The Commission on Chicago Landmarks voted unanimously Thursday to approve preliminary landmark status for the building and surrounding properties along 1305-1357 N. Elston Ave and 1213-1251 W. Blackhawk St. In December 2017, the company sold its property to its current owner for redevelopment, according to the company’s website. The stock traded 18 percent higher at 7.22 euros as of 2:25 p.m. in Frankfurt. I've always had a warm spot in my heart for the Morton Salt Girl. News Break; morton salt company. CHICAGO, Oct. 20, 2020 /PRNewswire/ -- Morton Salt, one of America's favorite and most enduring brands, has debuted a fresh new look on packaging to … Morton Salt is committed to employee rights under the Family and Medical Leave Act. Morton Salt invites any applicant and/or employee to review the Company’s written Affirmative Action Plan. News provided by. GOOSE ISLAND — The old Morton Salt plant on Goose Island soon could be recognized as a historic structure — protecting it from demolition. Other projects approved by the key city commission include an affordable housing complex in Bronzeville, a micro hotel in Fulton Market and a trail redevelopment near the Chicago History Museum in Lincoln Park. The proposed $3.2 billion price tag includes debt. The Detroit News View Comments A California firm plans to acquire the parent company of Detroit Salt Co., which operates a 1,500-acre underground salt … Articles – Morton SaltMorton Salt & McCormick Debut New All-Natural Himalayan Pink Salt & Ground Black Pepper ShakersMORTON SALT POURS OUT GRATITUDE TO EMPLOYEES AND ESSENTIAL SUPPORT FOR COMMUNITIES DURING COVID-19 PANDEMICMorton Salt Joins How2Recycle P. Morton Salt on Wikipedia, Google News & Yahoo Finance. As a result, pure white crystals of sodium chloride are obtained. The $3.2 billion price tag includes debt. Morton Salt started small in Chicago in 1848, it became affiliated with Manistee in 1881 with Rietz's discovery of salt, and that relationship has now continued for 131 years. The modernisation of the salt mine in Weeks Island is scheduled to be complete in Q2-Q3 2017. RISING tensions between Morton Salt Bahamas and its line-staff union resulted in a 40-worker “sick-out” yesterday and the company suspending several workers for a week. An earlier plan proposing the sale of just a minority stake in the business failed, meaning K+S is being forced to give up a stable earnings contributor. The company’s Americas salt division -- famous for the “Umbrella Girl” logo -- expects the deal to close in summer 2021, K+S said Monday in a statement confirming a Bloomberg report. K+S said in March it aims to cut its net debt by more than 2 billion euros by divesting the salt unit and trimming corporate functions. The stock close up 14% at 6.98 euros in Frankfurt. Read our statement and plan of action at https://bit.ly/30Ln2Qu. North American salt company Morton Salt has unveiled new packaging for its complete portfolio of retail products in a bid to boost the sales of the brand. An observation about Morton Salt, in light of the Jesuits and umbrellas Jesuit As we know, the Jesuits were formed to counter the 95 Theses, and they have 32 sun rays on their logo, and the ‘Umbrella’ is a symbol that represents their strategy, of taking down their opposition from within. For almost a hundred years, the Morton Salt complex at 1357 North Elston Avenue, has been welcoming commuters to downtown Chicago. It is a subsidiary of the German mining company K+S. While most know us for their iconic round blue package of table salt, there is a lot more to Morton. Cerberus had no immediate comment. Morton has collaborated with creative agency Chase Design Group for the development of a premium visual design, which exhibits brand colours, geometric angles and sans serif type to help consumers easily recognise packaging on the shelf. Morton U26624S salt is a natural salt that is extracted through the process of evaporation of seawater under sunlight. Sorry, we were unable to retrieve any results. Bitcoin Hits Another Record and Leaves Other Asset Classes Trailing, Binance Probed by CFTC Over Whether U.S. Blue Star Properties is developing the project in collaboration with R2 Companies. Have a confidential tip for our reporters? 227 talking about this. At Morton Salt, they’re passionate about what they do and how they do it. Typically a resilient business, even the salt market has seen some impact from lockdowns during the Covid-19 pandemic as orders from industry and commercial food producers were affected. A salt spill at the Morton Salt facility in Chicago caused a partial wall collapse and an outpouring of salt into an Acura ... 24/7 coverage of breaking news and live events. company-updates.categories.company-news. As a footnote, it could be said the Pere Marquette Railroad also reached Manistee in 1881, but its affiliation as … Morton Salt News and Updates. At Morton Salt, we’re passionate about what we do and how we do it. Before it's here, it's on the Bloomberg Terminal. Omni Workshop is the landscape architect for the project, along with Lamar Johnson Collaborative as architect, and R2 Companies and Blue Star Properties as developers. Insiders anticipate a deal to be inked by the end of 2020 and no later than first quarter 2021. The Morton Salt Mine in Grand Saline is the town’s largest employer and one of three rock-salt mines Morton operates in the U.S. Project News Walters Group News Walters Inc. Walters Inc. was recently awarded the fabrication and installation of not one, but two, headframes for K+S Morton Salt Inc. Our first award is a design-build headframe where we are working with Hatch as our partner. But Kissner was able to far outbid suitors including Cerberus, Advent International and Koch Industries Inc., the people said. RELATED: Morton Salt building wall collapses, salt covers cars at Acura dealership The facility was in operation since the 1920s. Roskill view: Morton Salt is nearing the completion of a US$35M transformation project at Weeks Island, Louisiana, USA. Collaborators R2 Properties Blue Star Properties Lamar Johnson Collaborative V3 Companies. K+S AG agreed to sell its Morton Salt unit to Kissner Group for $3.2 billion, a move that would provide the German potash miner with much-needed funds to pay down debt. The concert hall and offices would maintain the history of the company by keeping the iconic sign and other features, such as original brick. Shares of K+S had fallen 45% in Frankfurt trading this year through Friday, shrinking its market value to 1.2 billion euros ($1.4 billion). The right pairing of pink salt and black pepper brings enjoyable and taste to any dish wherever, anytimeCHICAGO, Aug. That’s because we’re helping to improve people’s lives in more ways and places than ever before. Morton Salt, Inc. is a part of the K+S Group. Morton Salt's beginning go back to 1848 when Alonzo Richmond of Syracuse, N.Y., arrived in Chicago and formed Richmond & Company, agents for Onondaga Salt. K+S was advised by Deutsche Bank AG and RBC Capital Markets while Kissner’s owner Stone Canyon worked with Morgan Stanley. Morton Salt Pours Out Modern New Look On Packaging. nctv17.com | 9d. Morton Salt is a household seasoning in many homes. The company acquired Morton Salt in 2009 for about $1.7 billion. Ad Icons: Morton Salt Girl now. Morton produces 5,000 to 6,000 tons of salt a day, and 1.2 millions tons a year. The salt deposit is 250 million years old. By continuing to use this site you consent to the use of cookies in accordance with our Privacy Policy.Â. To address concerns about a drawn-out antitrust review and deal completion, Kissner and K+S have discussed financing structures that would give the German company access to funds ahead of debt maturities in May, the people said. This has weighed on earnings and sent the company’s credit rating into junk territory. The Morton Salt Plant on Inagua. The stock close up 14% at 6.98 euros in Frankfurt. Based in Chicago, the business is North America's leading producer and marketer of salt. Residents Traded, Quiet India Tycoon Beats Musk, Ambani to Add The Most Wealth, ‘Stimmy’ Is Setting Stage for Next Wave of Retail Stock Frenzy, BioNTech CEO Says Vaccine Production Needs to Get Even Faster. The eye-catchingly bold and contemporary design refreshes the iconic brand that consumers have known and loved for generations, while making Morton’s products more shoppable in today’s dynamic digital and Now the city landmark with a lower case “l” is becoming an official City Landmark, with an uppercase “L.”. 💛 https://t.co/e6EVO52kYu. The right pairing of pink salt and black pepper brings enjoyable and taste to any dish wherever, anytimeCHICAGO, Aug. The project is to help improve mine processing efficiency and modernise operating equipment. NASSAU, BAHAMAS — Morton Salt said last night that after a comprehensive evaluation of operating efficiency and production levels at its Inagua facility, it was “forced” to make 11 positions redundant in order to sustain the company’s long-term viability, with the union representing the company’s line staff crying foul over the move. Morton Salt, one of America’s favorite and most enduring brands, has debuted a fresh new look for its packaging to bring more flavor to its entire lineup of retail products. News Morton Salt’s former warehouse moves closer to redevelopment Chicago’s iconic Morton Salt building poised for redevelopment Morton Salt warehouse redevelopment plans include office, entertainment space along Chicago River "It is a devastating blow to us because residents rely heavily on Morton Salt. Morton Salt was initially expected to fetch just over $2 billion, the people said. Another was still missing as of Tuesday afternoon at 3 p.m., Our consumer products now have an updated look, thanks to a bold and vibrant graphic redesign. Morton Salt Joins How2Recycle Program To Help Consumers Properly Recycle Packaging September 23, 2019 Morton Salt Adds A Pop Of Pink To Its Product Portfolio With The Launch Of New,... September 17, 2019 Edward Hospital Began as Edward Sanitorium …Edward Hospital’s history began on January 15, 1907 when Edward Sanitorium was founded by Eudora Hull Gaylord Spalding on a 37-acre site near Naperville? NASSAU, BAHAMAS — Morton Salt said last night that after a comprehensive evaluation of operating efficiency and production levels at its Inagua facility, it was “forced” to make 11 positions redundant in order to sustain the company’s long-term viability, with the union representing the company’s line staff crying foul over the move. That’s because they’re helping to improve people’s lives in more ways and places than ever before. Sale will help K+S meet targets for reducing its debt, Unit also includes K+S Chile, K+S Windsor Salt in Canada. Let’s begin! She’s finally here! The eye-catchingly bold and contemporary design refreshes the iconic brand that consumers have known and loved for generations, while making Morton’s products more shoppable in today’s dynamic digital and K+S Chief Executive Officer Burkhard Lohr is divesting assets after the company’s bet on a Canadian potash project backfired during a global slump in prices for the crop nutrient. Copyright © 1995-2020 Morton Salt, Inc. All rights reserved. Morton Salt operations vacated the building in recent years, but the company may sign an office lease once construction is complete, Snyder said. The complex meets several points of criteria for landmark status, Department of Planning and Development staffer Kandalyn Hahn said. Kissner, a producer and supplier of salt controlled by holding company Stone Canyon Industries Holdings, beat out other suitors including buyout firm Cerberus Capital Management, according to people familiar with the matter, who asked not to be identified because the information is private. 227 talking about this. Stay notified when we publish new articles. October 20, 2020. Maybe it's because I like salt so much. ... About Morton Salt, Inc. Morton Salt, Inc. is a trusted authority in salt in North America. K+S shares jumped almost 20%, the steepest intraday rise for more than six months, after the company earlier said it was in advanced talks about the divestiture. In 1869, Joy Morton acquired an interest in the company and acquired control of it in 1886 when the senior partner died. Did you know three out of four American households experience hard water? Company profile page for Morton Salt Inc including stock price, company news, press releases, executives, board members, and contact information Morton Salt’s Elston Avenue operations began in the late 1920s and ceased in 2015. (Bloomberg)—K+S AG is close to selling its Morton Salt unit to Kissner Group for $3.2 billion, a move that would provide the German potash miner with much-needed funds to pay down debt. At Morton Salt, we believe Black Lives Matter. One Avery Island salt mine employee who went missing after a Monday morning roof collapse has been found dead. Morton Salt, one of America’s favorite and most enduring brands, has debuted a fresh new look for its packaging to bring more flavor to its entire lineup of retail products. At Morton Salt, we believe Black Lives Matter. Read our statement and plan of action at https://bit.ly/30Ln2Qu. October 20, 2020. Scorpio Bulkers Inc. Common Stock (SALT) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Available through major retailers! This plan is available for inspection upon request by contacting Christina Ferris at (312)807-2124. Morton Salt News & Media Morton Salt Pours Out Modern New Look On Packaging CHICAGO, Oct. 20, 2020 /PRNewswire/ -- Morton Salt, one of America's favorite and most enduring brands, has debuted a fresh new look on packaging to bring more flavor to … Bringing two major U.S. producers together will yield major benefits and savings in areas such as machinery expenses as well as manufacturing and distribution given Kissner’s network of depots across North America. The FMLA poster is available here. ABC News Network. The buyer's plans and intentions will also be critical to the future of Inagua and its economy given that, much like San Salvador and Club Med, Morton Salt is the engine upon which the island is almost totally dependent for jobs and activity. The salt works perfectly in the salt-based water softeners by exhilarating the ion-exchange process. Morton Salt was initially expected to fetch just over $2 billion, the people said. See Morton Salt, Inc.'s revenue, employees, and funding info on Owler, the world’s largest community-based business insights platform. Morton Salt, Inc., part of the K+S Group, announced today that Chief Executive Officer Mark Roberts has been appointed to serve as a Member of the Board of Executive Directors of K+S, effective October 1, 2012. Stone Canyon Industries Holdings LLC Oct 05, 2020, 16:26 ET. Baader Bank analyst Markus Mayer said before K+S’s statement that selling the Americas salt business for $3 billion would be higher than expected and a trigger for the stock to re-rate. Morton will send you a water test strip to help you find out if you have hard water. Terms & Conditions. The redevelopment of Chicago’s historic Morton Salt industrial facility and site into vibrant mixed-use district with an entertainment venue received zoning approval by the City’s Planning Commission on Thursday, Jan. 21. This change was announced today after the K+S Supervisory Board meeting in Kassel, Germany. Morton Salt is an American food company producing salt for food, water conditioning, industrial, agricultural, and road/highway use. Check back soon! This field is for validation purposes and should be left unchanged. The $3.2 billion price tag includes debt. Morton Salt, Inc. is a trusted authority in salt in North America. Morton Salt Is Getting Salty About Food Waste, Morton Salt Adds A Pop Of Pink To Its Product Portfolio With The Launch Of New, All-Natural Himalayan Pink Salt. You might recognize the tubular dark blue packaging and, if not, you likely know the Morton Salt Girl.
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