Stone Canyon Industries Holdings Inc., Mark Demetree and affiliates entered into an agreement to acquire Americas Salt Business of K+S Aktiengesellschaft (XTRA:SDF) for $3.2 billion on October 5, 2020. The purchase price will be paid in cash at that time. The K+S Aktiengesellschaft Americas operating unit mainly comprises K+S Chile,as well as Morton Salt (USA) and K+S Windsor Salt (Canada). The sales price represents 12.5 times the 2019 EBITDA of $257 million. The transaction is subject to customary closing conditions, including antitrust approvals. As of April 19, 2021, K+S Aktiengesellschaft received the approval for the transaction from the U.S. Department of Justice. The transaction is expected to close by summer 2021. As of April 19, 2021, the transaction is expected to close by April 30, 2021. Debt financing and structuring assistance was provided by Eldridge. Morgan Stanley acted as financial advisor to Stone Canyon Industries Holdings and Jonathan Layne, Candice Choh, Daniela Stolman, Dora R. Arash, Michael Cannon, Sean C. Feller, Richard Parker, Adam Di Vincenzo, Christopher Wilson, Andrew Friedman, Marc Collier, Gina Hancock, Cromwell Montgomery and Melissa Barshop of Gibson, Dunn & Crutcher LLP acted as legal advisor. Deutsche Bank AG and RBC Capital Markets, LLC acted as financial advisors to K+S Aktiengesellschaft and Scott B. Crofton, Matthew M. Friestedt, Davis J. Wang, Ari B. Blaut, Mehdi Ansari, Robert Schlein, Steven L. Holley y Joseph J. Matelis, Regina Readling, Matthew J. Brennan, John J. Anselmi, Eric H. Queen, Carsten Berrar, Michael Rosenthal and Martin Gross-Langenhoff of Sullivan & Cromwell LLP acted as legal advisor. Rodrigo Ochagavía Eguiguren, Matías De Marchena, Andrés Del Sante, Trinidad Rojas Ochagavía and Jaime Salinas of Claro Y Cia acted as legal advisor to Stone Canyon Industries Holdings. Sergio Oquendo Heraud, Alesandra Azcárate and Milagros Mejía of Muniz Ramirez Perez-Taiman & Olaya, Barbosa, Müssnich & Aragão Advogados and Carey y Cía. Ltda. acted as legal advisors to K+S Aktiengesellschaft. Stone Canyon Industries Holdings Inc., Mark Demetree and affiliates completed the acquisition of Americas Salt Business of K+S Aktiengesellschaft (XTRA:SDF) on April 30, 2021. SCIH will divest its US Salt subsidiary, based in Watkins Glen, New York, as part of an agreement with the U.S. Department of Justice to proceed with the acquisition. K+S Aktiengesellschaft will use the proceeds to pay down debt. Asset Chile S.A. acted as financial advisor to Stone Canyon Industries Holdings Inc., Bennett Jones LLP acted as a legal advisor to Stone Canyon Industries Holdings Inc. and Borden Ladner Gervais LLP acted as a legal advisor to K+S Aktiengesellschaft.