FREDERICK, Md., April 4, 2017 /PRNewswire/ -- U.S. Silica
Holdings, Inc. (NYSE: SLCA) announced today that it has acquired a
division of National Coatings Corp. that manufactures and
distributes cool roof granules, a treated kaolin product used in
industrial roofing systems that delivers superior solar reflectance
and higher thermal emittance than standard designed roofing
products. Cool roof systems reduce energy usage and enhance the
durability of the roof as well.
U.S. Silica is acquiring patent and intellectual rights and
supplier and customer relationships for approximately $18.7 million. The transaction closed earlier
this month.
"We're very excited to enter this new and growing market and the
potential it provides our industrial business to expand our
offerings under our new product development initiative," said
J.P. Blanchard, U.S. Silica senior
vice president and president of the Company's Industrial and
Specialty Products division. "Cool roof granules are an excellent
example of the kind of adjacencies to our core business that we are
pursuing in ISP to support our customers' growth initiatives,
penetrate new markets, diversify our product offerings and enhance
our bottom line results."
About U.S. Silica
U.S. Silica Holdings, Inc., a member of the Russell 2000, is a
leading producer of commercial silica used in the oil and gas
industry, and in a wide range of industrial applications. Over its
117-year history, U.S. Silica has developed core competencies in
mining, processing, logistics and materials science that enable it
to produce and cost-effectively deliver over 260 products to
customers across our end markets. The Company currently operates
nine industrial sand production plants and eight oil and gas sand
production plants. The Company is headquartered in Frederick, Maryland and also has offices
located in Chicago, Illinois and
Houston, Texas.
U.S. Silica Holdings, Inc.
Michael Lawson
Vice President of Investor Relations and Corporate
Communications
(301) 682-0304
lawsonm@ussilica.com
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SOURCE U.S. Silica Holdings, Inc.