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Momentive acquires proppants manufacturing facility in Louisiana
9:12 AM MST | January 10, 2014 | Deepti Ramesh
Momentive Specialty Chemicals says that it has completed the acquisition of a resin coated proppants manufacturing facility at Shreveport, LA, from CRS Proppants (Tulsa, OK). Financial details of the deal have not been disclosed. The Shreveport facility, which employs about 35 people, will continue to source Northern White frac sand from CRS, Momentive says. “As one of the world’s largest suppliers of resin coated proppants, this acquisition provides immediate capacity for us to meet the growing demand for our oilfield products and to expand the...
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