Newly formed industrial sand producer Covia Holdings is aiming to take advantage of a booming US frack market, where analysts are predicting a frack sand sector growth rate of as much as 7% per annum.
The company was created after last week’s completion of the merger of Fairmount Santrol with rival Unimin and the move is part of a broader process of consolidation in the US proppant supply sector as players position themselves in the growing market.
