Newpark buys a mats company —which has a large source of revenues directly from Newpark. Not too smart.
CES is diversifying into more of a production based company that isn’t cyclical as a drlg based service company. Major revenue driver.
Q’Max buys Anchor which positions them squarely in all US Drlg areas. They also have major expertise in solids control and dewatering.
Sure looks like Newpark is sitting on their hands. Q’Max is positioning their company to be a major US player.