Wilks Brothers to acquire CARBO Ceramics.

Wilks Brothers, an investment management firm, agreed to acquire CARBO Ceramics, a global technology company that provides products and services to several markets, including oil and gas, industrial, agricultural, and environmental markets. Financial terms were not disclosed. "Like many companies with a significant concentration in the oil and gas industry, we have felt the impact of the challenging business environment and, in response, have worked diligently to strengthen our overall financial foundation. While CARBO has undoubtedly made progress in our transformation strategy, we ultimately expect these headwinds to persist. Accordingly, we are pleased to reach an agreement with the Wilks Brothers; we are excited by their belief in the promise of CARBO's business and their commitment to our future," Gary Kolstad, CARBO Chairman and CEO.