Service & Supply | Oilfield Services | Deals - Acquisition, Mergers, Divestitures
US Silica Expands, Purchase 327 Acre Land In Illinois
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U.S. Silica Holdings, Inc. has completed the purchase of a fully permitted, 327-acre parcel of land adjacent to its existing silica sand mine and plant in Ottawa, Illinois. The company plans to use the land for future mining operations and said it will add approximately 30 million tons of proven reserves. U.S. Silica purchased the property from a privately-held mining company.
The reserves are high quality Ottawa White sand and will produce coarse and medium to fine product grades.U.S. Silica's Ottawa facility serves multiple end markets such as glass, building products, foundry, filler and extenders, chemicals and oil and gas proppants.
Commenting on the transaction, U.S. Silica President and Chief Executive Officer Bryan Shinn said, "Our strong balance sheet gives us the ability to move decisively when making opportunistic investments like this that will help extend the life of our flagship operation, ensure our long-term competitive position in the marketplace and ultimately drive business success."
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