Fairmount Santrol, Inc.: Merger with Unimin is Credit Positive
CORPORATES ISSUER COMMENT 12 December 2017 Contacts Karen Nickerson +1.212.553.4924 Senior Vice President [email protected] Glenn B. Eckert, CFA +1.212.553.1618 Associate Managing Director [email protected] CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEA 44-20-7772-5454 Fairmount Santrol, Inc. Merger with Unimin is Credit PositiveFairmount Santrol Holdings is a provider of sand-based proppant solutions used by exploration and production companies for their oil and gas wells. The company also provides sand-based products to end users in the industrial and recreational products (I&R) markets. The company is organized into two segments: proppant solutions and I&R. The proppant solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the U.S. and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates. The I&R segment provides raw, coated and blended sands to the foundry, building products, glass, turf and landscape and filtration industries primarily in North America.
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