Newpark Resources, Inc. (NYSE:NR) has entered into an agreement to acquire substantially all assets and operations Of Lentzcaping, Inc. for approximately $14 million.
December 30, 2021
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Newpark Resources, Inc. (NYSE:NR) has entered into an agreement to acquire substantially all assets and operations Of Lentzcaping, Inc. for approximately $14 million on December 1, 2021. The transaction is subject to customary closing conditions and expected to close in December 2021. J.P. Morgan Securities acted as financial advisor to Newpark Resources, Inc.
Newpark Resources, Inc. is a geographically diversified supplier providing products, as well as rentals and services to customers across multiple industries. The Company operates through two segments include Industrial Solutions, Fluids Systems and Industrial Blending. Its Industrial Solutions segment provides temporary worksite access solutions, including the rental of its recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, oil and natural gas exploration and production (E&P), pipeline, renewable energy, petrochemical, construction and other industries, primarily in the United States and Europe. Its Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers for oil, natural gas, and geothermal projects primarily in North America and Europe, the Middle East and Africa, as well as certain countries in Asia Pacific.
Newpark Resources, Inc. (NYSE: NR) has entered into an agreement to acquire substantially all assets and operations Of Lentzcaping, Inc. for approximately $14 million.
NEWPARK RESOURCES, INC. 
