Asset Sale to U.S. Silica Holdings, Inc
Mississippi Sand is one of the premier producers, manufacturers, and distributors of hydraulic fracturing sand (“frac sand” or “proppant”) in the United States. Headquartered in St. Louis, Missouri, Mississippi Sand was founded in 2008 and has since successfully navigated the evolving market by maintaining flexible distribution capabilities and varying product offerings. Mississippi Sand currently operates one production facility in Festus, Missouri (“Festus”) with permitted finished ton capacity of 1.2 million tons per year (“tpy”) and is equipped to produce all grades of fine, medium and coarse frac sand, including 30/50, 40/70 and 100 mesh. The Company further differentiates itself by providing comprehensive services to efficiently manage product distribution through its multi-modal transportation network. The Company’s distribution network is composed of 5 barge terminals and 3 rail terminals with a combined annual throughput of over 2.2 million tons, which are strategically located across 6 states and allow for distribution to the major oil and gas plays in the US.