Newpark Mats and Integrated Services Announces Acquisition of Site Access Solutions Company, Terrafirma Roadways
Newpark Drilling Fluids today celebrates the grand opening of the Newpark Technology Center in Katy, Texas. The celebration commences with skydivers parachuting in while displaying larger-than-life American, Texas and Newpark flag replicas. Guest will enjoy a flag raising ceremony conducted by the United States Army Color Guard and a ribbon cutting with Newpark executives as well.
- (1888PressRelease) December 28, 2013 - OXFORDSHIRE, England - Newpark Mats and Integrated Services (NMIS), a unit of Houston-based Newpark Resources (NYSE: NR) and the leading provider of ground protection solutions worldwide, today announced the acquisition of Oxfordshire-based Terrafirma Roadways (TFR), TFR was founded in 2001 to provide temporary roadway and worksite solutions to utility, construction, and event customers throughout the United Kingdom. Since 2006, the company has been a strategic partner with Newpark and the exclusive UK distributor of Newpark's DURA-BASEŽ Advanced-Composite Mat System.
"This acquisition represents the natural culmination of what was already a longstanding and mutually beneficial partnership between our two companies," stated Jeff Juergens, President of NMIS. "TFR's team members have always been staunch advocates of the benefits that our DURA-BASE system delivers to customers, and their professionalism and dedication is a perfect reflection of our own corporate culture. We're very pleased to welcome them aboard. "
The TFR acquisition is an important part of the NMIS' global expansion strategy, giving the company a stronger foothold in the UK and Europe. This expansion will be supported by increased production capacity at the company's Louisiana based manufacturing plant, where Newpark recently announced a $41.1 million USD investment to double both the size of the facility and the estimated output of its DURA-BASE mats.
"We are excited to join the ranks of such a highly regarded, publically traded, and global company," said Hugh Robertson, Managing Director of TFR. "As longtime proponents of the precision engineering that goes into Newpark's DURA-BASE system, we're looking forward to having the company's direct support and resources behind us. This relationship ensures that the service we deliver to our customers will continue being second to none."
DURA-BASE is used widely across a variety of industries as a tough, field-proven solution for accessing and working on sensitive or difficult terrain. DURA-BASE's rugged non-slip, advanced-composite formulation supports loads up to 4136 kilopascals (equiv. 600 pounds per square inch) and is perfect for supporting heavy equipment. This superior load bearing capacity is ideal for temporary access roads and worksite pads. Additionally, the interlocking system forms a continuous surface that prevents differential movement or shifting, while its anti-skid tread design enhances worker safety.
About Newpark Mats and Integrated Services
Newpark Mats and Integrated Services is the leading provider of ground protection solutions. DURA-BASEŽ Advanced-Composite Mat Systems are utilized widely throughout the oil & gas, utilities, pipeline, construction, heavy haul, military and entertainment industries. Newpark is the largest, most experienced manufacturer of matting systems globally and an innovator in ground protection technology. The Lafayette-based company is a unit of Newpark Resources, Inc. For more information, visit http://www.newpark.com/mats.
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