Fairmont Santrol Enjoys Improved Fourth Quarter

Fairmount announced results for the fourth quarter and full year ended Dec. 31, 2016. Fourth-quarter 2016 revenues were $140.5 million, up 4 percent from $134.8 million in the third quarter of 2016 and up 4 percent from $134.9 million in the fourth quarter of 2015. Overall volumes sold were 2.4 million tons for the quarter, similar to the third quarter…

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This Week’s Market Buzz

• Mammoth Energy Services has agreed to acquire frac sand mining company Taylor Frac and two oilfield service businesses for issuance of 7 million common shares. Based upon Mammoth Energy Services’ March 20 closing price of $19.06/share, the value of the transaction is $133.8 million, including the assumption of $7.3 million in debt. Mammoth Energy Services said it plans to…

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Terex Trucks Dealer Buys First Gen10 Haulers in North America

RECO Equipment is Terex Trucks’ first dealer in North America to buy not one but two Generation 10 TA300 articulated haulers. The sale, which took place shortly before ConExpo-Con/Agg, also saw the heavy equipment distributor purchase four 30.9-ton capacity Generation 9 TA300s. “Timing played a minor role in this deal as at RECO we were in tune to freshen up some of our…

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Komatsu, Joy Global Complete Acquisition Deal

Komatsu America Corp. completed its acquisition of Joy Global Inc. Retaining its headquarters in Milwaukee, Joy Global Inc. will be renamed Komatsu Mining Corp. and operate as a subsidiary of Komatsu. The company will continue to promote and invest in the P&H, Joy and Montabert product brands. Komatsu remains committed to directly servicing the global mining industry and through its products, services and…

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