One-Page Deal Sheet
Fairmount to Augment Proppant Ops Via Acquisition
Fairmount Minerals FTS International Inc.
Announced Date
July 24,2013
Close Date
September 06,2013
Transaction Type
Asset
Transaction Details: Require Private Equity Subscription
Fairmount Minerals has reported the signing of a purchase agreement with FTS International (FTSI) to acquire nearly all of FTSI's sand mining operations, resin-coating plants, and distribution terminals.
The transaction significantly increases the operational and logistical capabilities of Santrol, a Fairmount Minerals' company. The infrastructure expansion will allow oil and gas customers to source proppant closer to the wellsite.
This purchase includes Northern White operations, adding to Fairmount Minerals' portfolio of Northern White mines in Illinois, Minnesota, and Wisconsin, and…
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