Completion announcement: Leith Mergers & Acquisitions Limited is delighted to announce the acquisition by Texas headquartered Newpark Resources Inc. of Cleansorb Limited.

NYSE Listed Newpark Resources, Inc. (https://www.newpark.com/) acquires UK based Cleansorb Limited (https://www.cleansorb.com/), an innovative reservoir chemistry company.

Leith Mergers & Acquisitions Limited is delighted to announce the acquisition by Texas headquartered Newpark Resources Inc. of Cleansorb Limited. Based in the South East of England, Cleansorb develops and applies oilfield chemical technologies that care for the reservoir, simplify wellsite treatments, and improve recovery rates in new and mature fields.

The completion of the deal took place on Wednesday 9th October 2019. Exact details of the transaction value will remain undisclosed, but we are able to confirm that the deal was a 100% share sale.

Leith Mergers & Acquisitions Limited acted as exclusive advisors to Cleansorb Limited and its Shareholders.

Leith Mergers & Acquisitions Limited are delighted to have secured the deal for the Shareholders of Cleansorb Limited and the senior management team including the founding Shareholders who will remain in place following the transaction. We would also like to congratulate Newpark Resources, Inc. and the employees and customers of both companies.

Managing Director of Leith Mergers & Acquisitions, David Nelson said: “This is an exceptional deal for all Stakeholders in Cleansorb Limited and Newpark Resources. The future looks bright for the Company and its many customers and we are delighted to have played a part in the continued success of the business.”