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Newpark Resources sells Newpark Fluids Systems to SCF

SCF Partners acquires the Newpark Fluids Systems business, a global pure-play oil & gas and geothermal fluids solution provider, from Newpark Resources (NYSE:NR). Newpark Fluids Systems provides a full range of drilling & completion products and related technical services “This new partnership will be a source of enormous value creation for both our customers and the entire Newpark Fluids Systems team. Our global strategic growth plan will now accelerate under a new and focused board with significant energy experience and commitment. SCF’s unsurpassed track record of success in the global energy services industry provides exciting opportunities as we look to the future.” said Newpark Fluid Systems’ CEO, David Paterson.

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