July 29, 2016 6:57 PM ET

Chemicals

Company Overview of Morton Salt Company

Company Overview

Morton Salt Company produces salt products for culinary, water softening, household and highway/roadway, food processing, chemical, pharmaceutical, and various industrial uses. It offers table salts, culinary salts, water softening salts, pool salts, snow and ice melters, and epsom salts for homes; salts for food manufacturers and food service products; and snow and ice control salts, packaged ice melters, water salts, pharmaceutical, feed mixing, general industrial, and pool maintenance salts for businesses. The company also serves municipalities, state departments of transportation, government agencies, and roadway maintenance contractors. It offers its products online, as well as through ...

123 North Wacker Drive

Chicago, IL 60606-1743

United States

Founded in 1848

Phone:

866-595-8917

Fax:

312-807-2899

Key Executives for Morton Salt Company

Chief Executive Officer
Age: 42
Chief Financial Officer and Vice President of Finance
Vice President of Operations
Chief Legal Counsel, Vice President, General Counsel and Corporate Secretary
Vice President of Human Resources
Compensation as of Fiscal Year 2016.

Morton Salt Company Key Developments

Cargill, Inc and Morton Salt, Inc. Agree to Pay $11.5 Million to Resolve 2012 Lawsuit

Ohio Attorney General Mike DeWine announced that his office is sending checks to 850 Ohio public entities as part of the Attorney General's $11.5 million settlement to resolve an antitrust lawsuit against Cargill Inc. and Morton Salt Inc. over past rock salt prices. Entities in 87 Ohio counties are receiving settlement funds. The counties in the Dayton region all received funds, with a combined total of $813,217. Attorney General DeWine's settlement with Cargill and Morton Salt resolved a 2012 lawsuit accusing the companies of dividing up the Ohio rock salt market and agreeing not to compete with each other for public bids during a period ending in 2010. Although Morton and Cargill admitted no wrongdoing, they agreed to pay $11.5 million to resolve the state's case, just before a jury trial was set to begin. Of the total settlement, about $6.8 million was available to local governments. Additional payments were allotted to the state's single rock salt purchaser - the Ohio Department of Transportation ($1.7 million), the Ohio Turnpike Commission ($174,435), and, as required by law, the state's antitrust fund.

Morton Salt, Inc. to Cease Packaging and Warehousing Operations at its Elston Avenue Facility in Chicago by the End of October 2015; Plans to Move its Current Headquarters

Morton Salt, Inc. announced that it will cease packaging and warehousing operations at its Elston Avenue facility in Chicago by the end of October 2015. This comes as the result of a comprehensive network study initiated over a year ago. At the facility, Morton Salt packages and stores ice melting salts and other bulk salts that are sold to commercial businesses. The company employs 23 team members at the facility. Morton Salt first began operations at the site in the late 1920s. While its packaging and warehousing operation on Elston Avenue will cease, the company will maintain a business presence on-site. The company is planning to move from its current headquarters office at 123 N. Wacker Drive to the new River Point property located at 444 W. Lake Street in December 2016. This relocation is part of the company's business and cultural transformation strategy and will bring together Morton Salt's 300 headquarters office employees with its 50 customer service center employees currently located in Oak Brook, Ill.

Morton Salt Expands Food Grade Salt Production Capabilities

Morton Salt, Inc. is adding more than 45,000-square-feet to its existing footprint dedicated to the production and warehousing of food grade sea salt and food grade solar salt. Morton Salt announced expansion later this summer, with food grade salt production expected to begin in the first quarter of 2016.

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