Home Business Morton Salt lays off 40% of employees at its Chicago headquarters under new investment firm owner

Morton Salt lays off 40% of employees at its Chicago headquarters under new investment firm owner

by staff

Morton Salt, which makes salt for culinary, water softening, road de-icing and other uses, has had several owners in the new millennium. Philadelphia-based Rohm and Haas bought Morton International in 1999 for $4.9 billion. Ten years later, the company was sold to K+S AG, a German mineral products company, for $1.675 billion, creating what was then the world’s largest salt producer.

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