Knauf Inks Agreement to Acquire USG for US$7Bn

USG Corp of Chicago, IL and Gebr. Knauf KG of Germany have entered into a definitive agreement pursuant to which Knauf will acquire all of USG for US$44/share or US$7.0 billion in cash. The agreement followed USG’s earlier rejection of a US42/share offer. The transaction has been unanimously approved by USG’s board of directors. Berkshire...

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Nabaltec Moves Ahead with U.S. Expansion

Nabaltec AG of Germany plans to significantly expand its operations in the United States. After successful examination of the location, Nabaltec has decided to acquire land and buildings in Chattanooga, TN for the construction of a refined hydroxide production plant with a capacity of about 30,000 tons/year. The business will be managed by Naprotec LLC...

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Emerge Announces In-Basin Expansion

Emerge Energy Services LP of Fort Worth, TX has announced an expansion of its in-basin sand presence by commencing the development of a new mining and processing operation located in Kingfisher County, OK. The company’s subsidiary, Superior Silica Sands, signed a 25-year lease agreement that encompasses mining rights on 600 acres of land located about...

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Oil-Dri Sets Sales Record for First Nine-Months

Oil-Dri Corporation of America of Chicago, IL has announced a net income of US$3.6 million on net sales of US$64.8 million for its third quarter ended April 30, 2018 compared with a net income US$3.2 million on net sales of US$64.7 million in the same period of 2017. For the first nine months of fiscal...

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Mill Creek Increases Sales to Glass Customers

Inter-Rock Minerals Inc of Toronto, ON has reported a net income of US$329,000 on revenue of US$12.4 million in the three months ended March 31, 2018 versus a net income of US$354,000 on revenue of US$13.4 million in the same period of 2017. The company owns three operating businesses: Papillon Agricultural Co Inc, MIN-AD Inc,...

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