BC Partners-backed ContextLogic to acquire US Salt from Emerald Lake Capital for $907.5m.

BC Partners-backed ContextLogic, a publicly-traded business ownership platform, agreed to acquire US Salt, a producer of high-purity food and pharmaceutical-grade salt, from Emerald Lake Capital, a growth-oriented middle market private equity firm, for $907.5m. “We are very excited to partner with David Sugarman and US Salt to drive value for all shareholders of ContextLogic through its defined growth strategy. US Salt’s outstanding management team, resilient business model, consistent track record of growth, and runway for future expansion—including M&A—distinguished it as an exceptional company. We are particularly pleased to work alongside Abrams Capital, whose continued and increasing investment in US Salt reinforces confidence in the long-term growth potential of the Company,” Ted Goldthorpe, ContextLogic Chairman.