About Morton Salt
Morton Salt is a company based in Chicago (United States) founded in 1848 was acquired by Stone Canyon Industries in October 2020.. Morton Salt offers products and services including Gourmet Flavored Salt, Water Softener Salt, and Snow and Ice Melt. Morton Salt operates in a competitive market with competitors including McCormick, Olde Thompson, Spice World, Omsom and Sweet Harvest Foods, among others.
- Headquarter Chicago, United States
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Sectors
Consumer
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Email
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Phone
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Website
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Social
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- Legal Name Morton Salt, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Stone Canyon Industries
(Oct 01, 2020)
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Products & Services of Morton Salt
Morton Salt offers a comprehensive portfolio of products and services, including Gourmet Flavored Salt, Water Softener Salt, and Snow and Ice Melt. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Flavored salts for enhancing food dishes and recipes.
Salt used to soften household and industrial water supplies.
Salt products for melting snow and ice on roads and sidewalks.
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Leadership Team
9 people
Human Resources and Administration
7 people
Sales and Marketing
6 people
Software Development Team
4 people
Finance and Accounting
3 people
Customer Team
2 people
Product Management Team
2 people
Senior Team
1 people
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Funding Insights of Morton Salt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Morton Salt
Morton Salt has secured backing from 1 investor. Prominent investors backing the company include Stone Canyon Industries. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of manufacturing services
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Morton Salt
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Morton Salt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Morton Salt Comparisons
Competitors of Morton Salt
Morton Salt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as McCormick, Olde Thompson, Spice World, Omsom and Sweet Harvest Foods, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Spices and seasonings are produced and branded by McCormick.
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Spices and seasonings are produced and distributed by Olde Thompson.
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Spices and seasonings are branded and distributed by Spice World.
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Brand of spices & seasoning
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Sweeteners including honey, agave, and molasses are procured and supplied.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Morton Salt
Frequently Asked Questions about Morton Salt
When was Morton Salt founded?
Morton Salt was founded in 1848.
Where is Morton Salt located?
Morton Salt is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Morton Salt?
Christian Herrmann is the current CEO of Morton Salt.
What does Morton Salt do?
Morton Salt was founded in 1848 and is headquartered in Chicago, United States. Operations focus on the production and distribution of salt products tailored for grocery use, water softening, ice control, agriculture, and industrial applications. These products are sold through independent retail stores. The company maintains a presence in the essential minerals sector, serving diverse markets across North America.
Who are the top competitors of Morton Salt?
Morton Salt's top competitors include McCormick, MicroSalt and Spice World.
What products or services does Morton Salt offer?
Morton Salt offers Gourmet Flavored Salt, Water Softener Salt, and Snow and Ice Melt.
Who are Morton Salt's investors?
Morton Salt has 1 investor. Key investors include Stone Canyon Industries.
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