Two of the nation’s foremost producers of frac sand have announced a merger that will create a massive new mining company with operations in Wisconsin.
Connecticut-based Unimin and Ohio-based Fairmount Santrol have agreed to a merger that will lead to the creation of a publicly traded company that has yet to be named.
Fairmount Santrol’s current Wisconsin holdings include mining and processing operations in Menomonie and Maiden Rock, while Unimin has operations in Tunnel City and Portage. Also, both have announced new sand plants in Texas nearby the busy Permian Basin oilfields where a majority of the nation’s oil is produced.
While both companies supply the oil and gas drilling industry, they also produce high purity silica sands used in glass making, metal casting and manufacturing circuit boards and semiconductor chips. The merger should be complete by next summer with a name being announced prior to the close of negotiations.