Kissner Milling Company
Founded Year
2015Stage
Acquired | AcquiredValuation
$0000Revenue
$0000About Kissner Milling Company
Kissner Group Holdings is the parent company of Kissner Milling Company, an ice melt manufacturer, salt manufacturer, chemical distributor, and plastic manufacturer supplying a wide range of high-quality products. Kissner has worldwide vendor relationships to ensure prompt and efficient sourcing of all your chemical needs. The company supplies chemicals from multiple origin points to provide customers with the best product to meet their specific needs. On February 3rd, 2020, Kissner Milling Company was acquired by SCIH, terms of the agreement were not disclosed.
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Latest Kissner Milling Company News
May 18, 2015
Mon, 18/05/2015 - 09:00 TorQuest Partners and its co-investors have completed the sale of their majority interest in Kissner Milling Company Limited to an investor group which includes Metalmark Capital, Demetree Salt, LLC. and Kissner's management team. Terms of the transaction have not been disclosed. Daniel Sonshine, a Partner at TorQuest Partners, says: "Kissner has proven itself as a leader in the de-icing market, and demonstrated an ability to generate strong cash flows through all market cycles. On behalf of TorQuest and our investors, we would like to thank Kissner's management team for their dedication to the Company and excellent work over our hold period. We are very pleased with the result of our first Fund III investment. " TorQuest and its co-investors acquired Kissner in November 2013 and recapitalised the balance sheet in May 2014, allowing the Company to repurchase the equity of a large shareholder, pre-fund significant capital expenditures that were used to improve operations, and provide a dividend to remaining shareholders. Throughout its ownership, TorQuest worked with Management to improve efficiencies at the Detroit salt mine, enhance the supply chain and production mix of the packaged specialty deicing products, create greater focus by divesting non-core assets, and bolster the Company's long-term salt resources through a joint venture. Headquartered in Cambridge, Ontario, Kissner is a leading producer and distributor of bulk rock salt and packaged specialty deicing products across North America. Kissner owns and operates a rock salt mine located in Detroit, Michigan, which began operations over 100 years ago and today is one of the most efficient and safest rock salt mines in North America. With a vertically-integrated supply chain for packaged deicing products, Kissner is highly differentiated in its industry and one of the most cost-competitive producers and distributors of bulk rock salt and other packaged deicing products, across its markets. Tags :
Kissner Milling Company Frequently Asked Questions (FAQ)
When was Kissner Milling Company founded?
Kissner Milling Company was founded in 2015.
Where is Kissner Milling Company's headquarters?
Kissner Milling Company's headquarters is located at 1 First Canadian Place, Toronto.
What is Kissner Milling Company's latest funding round?
Kissner Milling Company's latest funding round is Acquired.
Who are the investors of Kissner Milling Company?
Investors of Kissner Milling Company include Stone Canyon Industries, Metalmark Capital, Silverhawk Capital Partners, TorQuest Partners, Bank of Montreal and 3 more.
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