Stone Canyon Industries, a global industrial holding company, completed the acquisition of the North and South American salt business of K+S, a German chemical company headquartered in Kassel, for $3.2bn. "Combined with SCIH's Kissner Group Holdings, the Americas salt business offers an extensive line of products to consumers as well as governmental and commercial customers. The acquisition further enhances SCIH's long-term, growth-oriented business model," James Fordyce, SCIH Co-Chairman and Co-CEO.