Newpark Resources (NR) Misses Q3 EPS by 1c

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Newpark Resources (NR) Agrees to Purchase Mats Service Business for $75M

October 31, 2017 6:28 AM EDT

Newpark Resources, Inc. (NYSE: NR) today announced that it has entered into definitive agreements to acquire substantially all of the assets, operations, and employees of the Well Service Group Inc. ("WSG"), a containment and well site service company based near Pittsburgh, Pennsylvania, and its affiliate Utility Access Solutions Inc. ("UAS") for approximately $75 million.

Since 2012, WSG has been a strategic logistics and installation service partner for Newpark's Mats & Integrated Service segment, providing a variety of complementary services to the composite matting systems, including access road construction, site planning and preparation, environmental... More