Momentive Specialty Chemicals purchases proppants manufacturing facility
COLUMBUS, Ohio -- Momentive Specialty Chemicals Inc. has completed the acquisition of a resin coated proppants manufacturing facility located in Shreveport, Louisiana, from CRS Proppants LLC.
The Shreveport facility has annual capacity of approximately 450 million pounds and will continue to source Northern White frac sand from CRS Proppants LLC going forward. “We are pleased to announce the acquisition of the Shreveport facility and continued growth of our specialty chemical portfolio,” said Jody Bevilaqua, Executive V.P. and President of Epoxy, Phenolic and Coating Resins Division.
“In addition to expanding our capacity, we believe this acquisition is strategic and enhances our integrated asset network,” said Jerry Borges, Senior V.P., Oilfield Technology Group. “The Shreveport plant is centrally located in the Haynesville shale region for easy truck access and has dedicated rail facilities, which complements our existing footprint. Going forward, this facility will help us continue to provide our customers with some of the most advanced, high quality proppants in the industry.”