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Wilks Brothers will acquire Carbo Ceramics via a debt-for-equity exchange, with Carbo Ceramics filing for Chapter 11 bankruptcy to facilitate the deal, and Wilks Brothers providing $15 million in debtor-in-possession financing.
CARBO Ceramics and PicOnyx executed definitive agreements for a strategic partnership to produce M-Tone black pigments. CARBO will provide production assets and manufacturing capacity at a Louisiana facility expected to be operational in Q4 2019.