Newpark Resources to sell environmental services business for $100M

|About: Newpark Resources Inc. (NR)|By:, SA News Editor

Newpark Resources (NR) agrees to sell its environmental services business to Ecoserv, a company controlled by P-E firm Lariat Partners, for $100M in cash.

NR says it may use some of the proceeds for potential acquisitions, general corporate purposes and possible company share repurchases.