U.S. Silica Gains Approval for Development of New Mine and Plant Near Fairchild, Wisconsin (2024)

U.S. Silica Gains Approval for Development of New Mine and Plant Near Fairchild, Wisconsin

FREDERICK, Md.,June 30, 2014/PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) todayannounced that it has received approval from the Town of Fairchild, WI to begin development ofa new, three million ton-per-year frac sand mine and plant. Theproposed state-of-the-art facility, which will be served by theUnion Pacific Railroad, is anticipated to become operational by thefourth quarter of 2015.

Bryan Shinn, president and chiefexecutive officer of U.S. Silica said, "We had tremendous inputfrom the community in helping develop a project that will meet thehigh environmental and compliance standards we set for ourselves asa Company." Added Shinn: "This is an important step in our plan tobring on additional new capacity to meet customers' rapidly growingneeds for high quality, Northern White frac sand in all of themajor shale basins in the U.S."

About U.S. Silica

U.S. Silica Holdings, Inc., a member of the Russell 2000, is oneof the largest domestic producers of commercial silica, aspecialized mineral that is a critical input into the oil and gasproppants end market. The company also processes ground andunground silica sand for a variety of industrial and specialtyproducts end markets such as glass, fiberglass, foundry molds,municipal filtration and recreational uses. During its 100-plusyear history, U.S. Silica Holdings, Inc. has developed corecompetencies in mining, processing, logistics and materials sciencethat enable it to produce and cost-effectively deliver over 250products to customers across these end markets. U.S. SilicaHoldings, Inc. is headquartered in Frederick, Md.

Media Inquiries: AlisonHolder
Manager of Corporate Communications
301-682-0326
holder@ussilica.com

Investor Relations Inquiries: MikeLawson
Director of Investor Relations and Corporate Communications
301-682-0304
lawsonm@ussilica.com

SOURCE U.S. Silica

U.S. Silica Gains Approval for Development of New Mine and Plant Near Fairchild, Wisconsin (1)

Copyright 2014 PR Newswire

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More U.S. Silica News Articles

U.S. Silica Gains Approval for Development of New Mine and Plant Near Fairchild, Wisconsin (2024)

FAQs

Who owns U.S. Silica? ›

NEW YORK (AP) — U.S. Silica has agreed to go private in an all-cash acquisition by Apollo Global Management that values the industrial minerals company at about $1.85 billion.

Where does the US get its silica? ›

U.S. Silica's Ottawa plant is North America's largest silica production facility, mining fine grain, nearly pure quartz sandstone. The reserves are part of the St. Peter Sandstone Formation.

Did Apollo buy U.S. Silica? ›

Upon deal completion, U.S. Silica will be delisted from the New York Stock Exchange (NYSE), while retaining its brand and leadership. The U.S. Silica board has unanimously approved the deal, which is slated for completion in the third quarter (Q3) of 2024.

Did Apollo buy frack sand provider U.S. Silica for $1.21 billion? ›

Apollo and US Silica, a provider of fracking sand used in oil-and-gas drilling, announced the $1.21 billion buyout on April 26. The deal is expected to close in the third quarter. In March, US Silica repriced an $868 million term loan.

What is the price of silica in the US? ›

Silica Sand Price in the United States (CIF) - 2022
YearsAverage
201954.1
202054.6
202162.9
202286.1
7 more rows

Who is the CEO of U.S. Silica? ›

Under Bryan's leadership, U.S. Silica has transformed from a small, private commercial silica provider to an R&D-focused, international public performance materials company with cutting-edge logistics solutions that raise the bar on productivity, health and safety.

Who owns Apollo funds? ›

The ownership structure of Apollo Global Management (APO) stock is a mix of institutional, retail and individual investors. Approximately 54.41% of the company's stock is owned by Institutional Investors, 34.85% is owned by Insiders and 10.74% is owned by Public Companies and Individual Investors.

Is Apollo a US company? ›

In addition to its private funds, Apollo operates Apollo Investment Corporation (AIC), a US-domiciled publicly traded, private-equity, closed-end fund and Business Development Company.

What does Apollo sell? ›

Apollo is a leading provider of alternative asset management and retirement solutions. We help build and finance stronger businesses through innovative capital solutions that can generate excess risk-adjusted returns and retirement income.

Which country has most silica sand? ›

Slovenia was the largest exporter of silica sand in 2021 at 7.6 billion kilograms. The United States, Belgium and Germany were the next largest exporters.

Where is the best silica sand in the world? ›

Whitehaven Beach, Whitsunday Island, Australia

This is due to the fine quality of silica sand found on the beach, which is commonly used for making glass and can withstand high temperatures.

Is there a silica sand shortage? ›

There have been many efforts to try and address this shortfall in supplies including exploring new ways to produce silica sand from other materials or improving efficiency in current production lines. Despite these efforts, it is likely that there will be further shortages due to the high demand from industries.

Who bought silica? ›

Proppant provider US Silica announced this month its acquisition by the New York City-based investment firm Apollo Global Management. The deal, valued at $1.85 billion in cash, will offer US Silica shareholders $15.50 per share—an 18.7% premium over the closing share price of $13.06 on 25 April 2024.

Is U.S. Silica publicly traded? ›

U.S. Silica's common stock is traded on the New York Stock Exchange under the symbol “SLCA”.

What is the net worth of U.S. Silica? ›

U.S. Silica Holdings has a market cap or net worth of $1.21 billion as of May 31, 2024. Its market cap has increased by 23.28% in one year.

Who are U.S. Silica competitors? ›

Competitor comparison
  • Summit Materials Inc Headquarters. 5,300. $2.6B.
  • Mammoth Energy Services Inc Headquarters. 733. $309.5M.
  • Covia Holdings Corp Headquarters.
  • Hi-Crush Inc Headquarters.

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