FREDERICK, Md., Aug. 23, 2016 /PRNewswire/ -- U.S. Silica
Holdings, Inc. (NYSE: SLCA) announced today that it has completed
the acquisition of Sandbox Enterprises LLC, a leading provider of
innovative logistics solutions and technology for the
transportation of proppant used in hydraulic fracturing in the oil
and gas industry. Sandbox utilizes specially designed,
patent-protected equipment and processes to efficiently and
cost-effectively service well site operations.
"This acquisition provides U.S. Silica with unmatched logistics
capabilities, enabling us to deliver a transformative value
proposition to our customers with Sandbox's unique, proprietary,
'last mile' delivery system," said Bryan
Shinn, president and chief executive officer. "Sandbox's
containerized approach provides customers with a safer, more
reliable delivery solution that de-couples sand delivery from
consumption at the well site. We believe Sandbox has tremendous
runway to grow in scale and industry adoption and will ultimately
create long-term value for our shareholders," he added.
Forward-looking Statements
Certain statements in this press release are "forward-looking
statements" made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and speak only as
of this date. Forward-looking statements made include any statement
that does not directly relate to any historical or current fact and
may include, but are not limited to, statements regarding U.S.
Silica's growth opportunities, strategy, future financial
results, forecasts, projections, plans and capital expenditures,
and the commercial silica industry. Forward-looking statements are
based on our current expectations and assumptions, which may not
prove to be accurate. These statements are not guarantees and are
subject to risks, uncertainties and changes in circumstances that
are difficult to predict. Many factors could cause actual results
to differ materially and adversely from these forward-looking
statements. Among these factors are: (1) fluctuations in demand for
commercial silica; (2) the cyclical nature of our customers'
businesses; (3) operating risks that are beyond our control; (4)
federal, state and local legislative and regulatory initiatives
relating to hydraulic fracturing; (5) our ability to integrate the
acquired business; (6) loss of, or reduction in, business from our
largest customers; (7) increasing costs or a lack of dependability
or availability of transportation services or infrastructure; (8)
our substantial indebtedness and pension obligations; (9) our
ability to attract and retain key personnel; (10) silica-related
health issues and corresponding litigation; (11) seasonal and
severe weather conditions; and (12) extensive and evolving
environmental, mining, health and safety, licensing, reclamation
and other regulation (and changes in their enforcement or
interpretation). Additional information concerning these and other
factors can be found in U.S. Silica's filings with
the Securities and Exchange Commission. We undertake no
obligation to publicly update or revise any forward-looking
statement as a result of new information, future events or
otherwise, except as otherwise required by law.
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
116-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 nine 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
Director of Investor Relations and Corporate Communications
(301) 682-0304
lawsonm@ussilica.com
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SOURCE U.S. Silica Holdings, Inc.