Join The Discussion

 

Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

read more >

UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

read more >

26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

read more >

Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

read more >

Fort Worth Superintendent candidate withdraws from consideration

And then there were none. The lone Fort Worth ISD Superintendent candidate, Dr. Joel D. Boyd, has informed the Fort Worth ISD Board of Education that he is

read more >

 

FTS International closes transaction with Fairmount Minerals

A. Lee Graham

Reporter

FTS International Inc. of Fort Worth has closed the sale of substantially all assets of its proppant business and related logistics assets to Fairmount Minerals of Chesterfield, Ohio.

The Fort Worth company has a long-term proppant supply agreement with Fairmount to provide proppant for FTS’ well completion customers.

FTSI said it plans to use net proceeds from the sale for debt reduction. Terms of the transaction were not disclosed.

“The sale of these assets further enables [FTS] to refine the company’s focus on its core well completion business,” said FTS CEO Greg Lanham in a news release.

“We look forward to a long-term partnership with Fairmount efficiently supplying quality proppant for our customers,” Lanham said.

FTS International provides well-completion services for the oil and gas industry. More information is available at www.ftsi.com.

lgraham@bizpress.net

 

< back

Email   email
hide
Catch
How 'bout them Cowboys?