Further to the announcement made on 20th December, Brunner Mond has today confirmed its acquisition of Cheshire Salt Holdings Ltd (CSHL), the parent company of British Salt, following approval by competition authorities. CSHL was previously owned by LDC, the UK’s leading mid-market private equity firm.
British Salt produces approximately half of the UK’s pure salt used in applications ranging from food processing to chemicals production. The long history of British Salt in the manufacture of bulk commodity products will complement the similar experience of Brunner Mond and will strengthen the capability of the combined businesses.
Martin Ashcroft, Managing Director of Brunner Mond, said: “I am delighted to be able to confirm completion of Brunner Mond’s acquisition of British Salt. We are confident there will be strong benefits for both companies with new opportunities with customers around the world. Work will now commence on integrating activities where this makes sense to do. This is the beginning of an exciting new chapter for both businesses.”
Bill Thompson, Chief Executive Officer of British Salt, adds “This move provides a major opportunity to achieve growth in our chosen markets and to add value to our existing customers. I am confident we will be able to capture best practices from both businesses for our future combined success.”