SCF Acquires Newpark Fluids Systems
HOUSTON, SCF Partners, Inc. (‘SCF’) is pleased to announce its acquisition of the Newpark Fluids Systems business (‘NFS’), a leading global pure-play oil and gas and geothermal fluids solution provider, from Newpark Resources Inc. (NYSE: NR). Newpark Fluids Systems provides a full range of drilling and completion products and related technical services supported by an innovative digital modeling software suite, global supply chain and infrastructure to enhance the efficiency and productivity of our customers’ performance. Newpark Fluid Systems’ CEO, David Paterson, commented, ‘We are thrilled to partner with SCF. This new partnership will be a source of enormous value creation