U.S. Silica to Acquire Regional Frac Sand Producer
- Published: Wednesday, 27 July 2016 15:56
U.S. Silica Holdings Inc. announced an agreement to acquire a leading regional sand producer for approximately $210 million. The acquisition of the NBR Sand unit of the privately owned New Birmingham Inc. is expected to close in August 2016, subject to certain adjustments at closing. The transaction will be funded using a combination of cash on hand (57 percent) and restricted stock (43 percent).