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[October 2009]
CARBO Ceramics Acquires BBL Falcon Assets
CARBO Ceramics Inc (Houston, TX, USA) has acquired through a wholly owned subsidiary the assets of BBL Falcon Industries Ltd, a leading supplier of spill prevention and containment systems for the oil and gas industry.
CARBO President and CEO Gary Kolstad commented: "Falcon is an excellent addition to CARBO's current product and service offerings. We are excited about adding another growing business to CARBO, and are pleased that we will be selling Falcon's products and services to our existing client base of E&P and oilfield services companies. Falcon uses proprietary technology to provide value-added solutions that are designed to enable our clients to extend the life of their storage assets, reduce the potential for hydrocarbon spills and provide secure containment of stored materials.
“We believe these issues remain important as the oil and gas industry continues to increase its focus on environmental responsibility and compliance with Spill Prevention, Control and Countermeasure (SPCC) regulations. While Falcon currently serves a five-state region, we anticipate expanding its operations into other key oil and gas producing regions in the near future."
Mr Kolstad further commented: "Falcon started operations in 2003, and as they have developed their proprietary polyurea coating technology, their client base has continued to grow. In particular, E&P companies have found the technology aids in reducing their business environmental risks and operating costs. This brings value in helping them exhibit their environmental stewardship”.
CARBO Ceramics is the world's largest supplier of ceramic proppant, the provider of the world's most popular fracture simulation software and a leading provider of fracture design and consulting services. The company also provides a broad range of technologies for geotechnical monitoring.
ENDS