RADNOR, Pa.--(BUSINESS WIRE)--Preferred Sands has acquired substantially all the assets of Winn Bay Sand, including mining locations in Blair, Wisconsin and Hanson Lake, Saskatchewan, for an excess of $200 million. Preferred is now the largest frac sand producer in Canada and one of the top three in the U.S.
The acquisition will benefit Preferred Sands’ customers by allowing the company to increase its current capacity. Both the Blair and Hanson Lake locations are in close proximity to existing Preferred Sands operations. The access to rail in both locations will streamline and shorten the length of time for transport.
As a part of this acquisition, Preferred Sands has offered employment to the existing 110 Winn Bay Sand employees and will take over supply of Winn Bay Sand’s current customers. Preferred Sands will expand both of the newly acquired plants in 2012 further to further increase capacity.
About Preferred Sands
Preferred Sands is an owner-operated frac sand and proppant company launched in 2007 with its first silica sand mine in Genoa, Nebraska. Since that time, we have been steadfastly committed to building a business with the best products, service, logistics management, and employee culture in the industry. Preferred Sands is committed to being stewards of the land.
Preferred Sands is a privately-held company that leverages a ‘family-owned’ philosophy to acquire businesses that share a common theme: market scarcity that other investors have overlooked with the opportunity to add value through a creative, community-minded vision. www.preferredsands.com