MTI Increases Q1 Sales and Income, Acquires Pet Litter Business

Minerals Technologies Inc (MTI) of New York, NY has reported net income of US$39.9 million on net sales of US$431.3 million in the first quarter of 2018 compared with US$34.6 million on sales of US$405 million in the corresponding quarter of 2017. Douglas Dietrich, MTI’s CEO, said, “The company had a solid first quarter. We...

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Nutrien Divests Majority of SQM Holdings

Nutrien Ltd of Calgary, AB and Tianqi Lithium Corp of China have signed an agreement whereby Tianqi Lithium has agreed to purchase 62.6 million “A shares” of Sociedad Quimica y Minera de Chile SA (SQM) from Nutrien for US$65/share, totalling US$4.07 billion in cash. Nutrien will retain ownership of 20.2 million “B shares” but expects...

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Smart Sand Partners Buys Quickthree Solutions

Smart Sand Partners LP of The Woodlands, TX has entered into a definitive agreement to acquire substantially all of the assets of Quickthree Solutions Inc of Saskatoon, SK, a manufacturer of portable vertical frac sand storage solutions. The transaction provides for an aggregate purchase price of up to US$42.75 million consisting of US$30 million payable...

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U.S. Silica Sets Record for Sales to Oil & Gas Market

U.S. Silica Holdings Inc of Frederick, MD has reported a first quarter net income of US$31.3 million on revenue of US$369.3 million compared with a net income of US$2.5 million on revenue of US$244.8 million in the first quarter of 2017. The results were negatively impacted plant start-up and expansion costs, merger and acquisition costs,...

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CRH Adds Six Bolt-On Acquisitions

CRH plc of Ireland says that in the first quarter of 2018 the company spent €150 million, relating to six bolt-on acquisitions. In addition, the company finalized an agreement to merge Suwannee American Cement with American Cement Co LLC, its joint venture based in Florida. CRH now owns 80% of the enlarged business following this...

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