U.S. Silica to Acquire Sandbox Enterprises

U.S. Silica Holdings Inc. announced that it has entered into a definitive agreement to acquire Sandbox Enterprises LLC, a provider of innovative logistics solutions and technology for the transportation of proppant. The transaction will be financed using a combination of $75 million of cash on hand and approximately 4.2 million U.S. Silica common shares.

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Superior Industries Completes Clemro Acquisition

Superior Industries Inc. has officially completed its acquisition of Clemro Western Ltd., which was announced earlier this year. Based in Calgary, Alberta, Canada, the 30-year-old company is known for manufacturing jaw and cone crushers, incline and horizontal screens, and belt and grizzly feeders. According to Superior, the addition of these product lines allows the company to increase its bulk handing portfolio…

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This Week’s Market Buzz

Eleven minor earthquakes shook central Oklahoma recently, renewing speculation that the area’s oil and gas drilling boom – fueled by fracking – is to blame for an increase in seismic activity. During a 14-hour stretch the U.S. Geological Survey recorded seven quakes ranging from magnitude 2.6 to 2.9 in areas northeast of Oklahoma City. In addition, a 4.3-magnitude temblor hit…

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