Unimin-Fairmont Santrol Merger Indicative of Increasing Frac Sand Activity, an Industrial Info News Alert
Summary
SUGAR LAND, Texas, Dec. 15, 2017 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas) -- This weeks announcement of a merger by two frac sand miners shows how the material is big business in North America as U.S. drilling for oil and gas in shale formations increases. Unimin Corporation (New Canaan, Connecticut) and Fairmount Santrol (Sugar Land, Texas) announced that they would merge into a New York Stock Exchange-listed company with expected annual revenue of $2 billion. While both companies have diverse interests in the Metals & Minerals sector, frac sand will be a focal point of the business and is expected to represent 55% of the new companys gross profits. Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Infos quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on whats happening now, while constantly keeping track of future opportunities.