K+S Aktiengesellschaft

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Closing completed: K+S Closes the Acquisition of Morton Salt

K+S Aktiengesellschaft / Closing completed: K+S Closes the Acquisition of Morton Salt

@@start.t1@@--------------------------------------------------------------------------------   Corporate news transmitted by euro adhoc. The issuer/originator is solely   responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@

Mergers - Acquisitions - Takeovers

Utl.: K+S Aktiengesellschaft / Closing completed: K+S Closes the Acquisition of Morton Salt =

Kassel (euro adhoc) - Kassel, 1 October 2009

Closing completed K+S Closes the Acquisition of Morton Salt

@@start.t2@@. Excellent growth opportunity in the global salt business
      . K+S becomes the world's leading salt producer
      . With Morton Salt, K+S acquires the best-known US consumer  brand  in  the
         food grade salt sector
      . Access to new and less volatile de-icing salt regions
      . Acquisition strengthens the entire K+S Group in Europe and overseas
      . Positive impact on earnings per share from 2010

K+S  successfully  completed  the  acquisition  of  Morton  International,  Inc.@@end@@

(Morton Salt), one of the leading producers  of  consumer,   industrial  and  de- icing salts in North  America.  The  closing   agreement  with  the  seller,  Dow Chemical, was signed in New York today. The  company  is  valued  at  USD  1.675 billion;  less  the   debts  and  customary    closing    adjustments    established provisionally, which results in a net cash payment of USD 1.576 billion.

Major milestone in the K+S growth strategy The acquisition of Morton Salt is a  further  milestone  in  the  K+S  strategy, which is geared towards both organic growth as well as  expansion  by  means   of acquisitions and cooperation. "Morton Salt offers us an outstanding  opportunity to considerably expand the K+S global salt business within the framework of  our growth strategy," says Norbert Steiner,  Chairman  of  the  Board  of  Executive Directors of K+S Aktiengesellschaft.  "Morton  Salt  is  a  widely  well  known, highly respected and very profitable company with an excellent market position. Together with Morton, we want to be our customers  first   choice  for  salt.  We share a passion for and commitment to the salt business, and we  have  a  common understanding of how we can increase  value  for  our  customers,  partners  and shareholders."

Bundling the strengths of K+S and Morton K+S and Morton Salt complement each  other  ideally  because  of  the  different regional positioning and the low degree of overlap in operating business.   "Both companies have a long tradition in the salt business in common. The  conditions are  optimal  for  smooth  integration  and   successful  cooperation  with    our colleagues from Morton Salt.  We look  forward  to  our  common  future,"  says Steiner.

For 2008, Morton  Salt  reported  revenues  of  USD  1.2  billion.   The  company operates six rock salt mines as well as seven  solar   and  ten  evaporated  salt plants in North America. Its annual production capacity amounts  to  just  under 13 million tonnes. Morton Salt was established  in  1848,  employs  about  2,900 people and has its registered office in Chicago. Together with Morton Salt, the future annual production capacity of  the  K+S  salt  business   will  amount  to almost 30 million tonnes, thus making K+S the leading supplier worldwide.

Positive contribution to earnings expected from 2010 As was already announced in April,  K+S  expects  that  in  the  current  fourth quarter,  the  first-time  inclusion  of  Morton    Salt's    operating earnings contribution should exceed the integration costs.   Non-recurrent  financing  and tax outlays will, however, depress net earnings slightly.

From 2010 onwards, a markedly positive impact  on  earnings  per   share  can  be expected.

Experience growth The K+S Group is  one  of  the  world's  leading   suppliers  of  speciality  and standard fertilizers, plant care as well as salt  products.  With  its  products and brands, K+S offers its customers a range of needs-based goods  and  services which provides growth opportunities in virtually every  sphere  of  daily   life. The K+S Group currently employs  about  15,000  people   worldwide  and  achieved revenues of just under EUR 5.0 billion in 2008. K+S is quoted on all German stock exchanges (ISIN: DE0007162000, symbol: SDF) and listed on the DAX® share index.

Your contact persons: Press: Michael Wudonig phone: +49 561 9301-1262 fax: +49 561 9301-1666 michael.wudonig@k-plus-s.com

Investor Relations: Christian Herrmann phone: +49 561 9301-1460 fax: +49 561 9301-2425 christian.herrmann@k-plus-s.com

@@start.t3@@Ende der Mitteilung                                                 euro adhoc

ots Originaltext: K+S Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Michael Wudonig
phone: +49 561 9301-1262
fax: +49 561 9301-1666

Branche: Chemicals
ISIN:      DE0007162000
WKN:        716200
Index:    DAX, Midcap Market Index, CDAX, Classic All Share, HDAX,
              Prime All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / regulated dealing
              Hamburg / regulated dealing
              Stuttgart / regulated dealing
              Düsseldorf / regulated dealing
              Hannover / regulated dealing
              München / regulated dealing

Weitere Meldungen: K+S Aktiengesellschaft

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