Jul. 16, 2014, 5:59 PM
- U.S. Silica (NYSE:SLCA) +3.1% AH after agreeing to acquire regional frac sand producer Cadre Services for $98M.
- Cadre operates a single frac sand mine and plant, with recently expanded annual capacity of ~800K tons/year; SLCA says the mine has more than 65 years of high-quality reserves.
- SLCA expects the deal to be accretive to adjusted EPS by $0.11-$0.13 in 2015.
SLCA vs. ETF Alternatives
US Silica Holdings Inc together with its subsidiaries is a domestic producer of commercial silica, a specialized mineral that is a critical input into an end markets. Its products include Oil & Gas Proppants, Fine Ground Silica, FLORISIL & Aplite.
Other News & PR