CHESTERLAND, Ohio, May 01, 2018 (GLOBE NEWSWIRE) -- Fairmount Santrol (NYSE:FMSA) is pleased to announce the release of its twelfth annual Corporate Responsibility (CR) Report, Do Good. Do Well. Always. The 2017 report was prepared in accordance with the Global Reporting Initiative (GRI) Standards: Core Option. To meet these guidelines, in 2014 and again in 2017, the Company conducted an assessment and engaged internal and external stakeholders to identify and prioritize Fairmount Santrol’s most significant sustainability-related impacts, risks and opportunities.
The theme of this year’s report, Do Good. Do Well. Always. highlights the Company’s commitment to Sustainable Development (SD), as well as the many accomplishments achieved by Fairmount Santrol Family Members in 2017. This report also demonstrates the Company’s ability to focus on long-term value creation, and commitment to remain as an employer and business partner of choice.
Selected highlights include:
- Family Members achieved 96 percent of the 2017 SD Team goals, including donating over 12,000 hours of volunteer time and assisting in Hurricane Harvey relief efforts.
- Temporarily shifting job responsibilities to quickly reopen four idled mines enabled the Company to capture market opportunities, demonstrating our productivity and agility.
- Increasing the amount of sand shipped via unit trains – single-product trains that are given priority handling – significantly reducing delivery time, fuel consumption, greenhouse gas (GHG) emissions and shipping costs.
- Funding and/or participating in the planting of more than 99,400 trees to offset greenhouse gas emissions.
- Constructing a new in-basin facility in West Texas to capture market opportunities, while leveraging the Company’s unique culture and commitment to SD initiatives to attract local new hires.
- Successfully testing and launching several new value-added products including, but not limited to, Accel™ dust-preventing polymeric sand, which reduces on-site dust and haze up to 90 percent compared with traditional polymeric sand.
“Our commitment to Sustainable Development – to Do Good. Do Well. - continues to be a key part of our unique culture, driving value for our people, the business, and our valued partners. As we continue to grow, we’re reminded that our sustained success comes from our dedication to all three pillars: People, Planet and Prosperity. Our Family Members are living by these values every day, Always.” said Jenniffer Deckard, President and Chief Executive Officer.
About Fairmount Santrol
Fairmount Santrol is a leading provider of high-performance sand and sand-based product solutions used by oil and gas exploration and production companies to enhance the productivity of their wells. The Company also provides high-quality products, strong technical leadership and applications knowledge to end users in the foundry, building products, water filtration, glass, and sports and recreation markets. Its expansive logistics capabilities include a wide-ranging network of distribution terminals and thousands of rail cars that allow the Company to effectively serve customers wherever they operate. As one of the nation’s longest continuously operating mining organizations, Fairmount Santrol has developed a strong commitment to all three pillars of sustainable development, People, Planet and Prosperity. Correspondingly, the Company’s motto and action orientation is: “Do Good. Do Well.” For more information, visit FairmountSantrol.com.
This press release contains statements which, to the extent they are not statements of historical or present fact, constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those anticipated or implied in forward-looking statements are described in Fairmount Santrol’s Form 10-K under the heading “Cautionary Statement Regarding Forward-Looking Information,” as well as the information included in Fairmount Santrol’s Current Reports on Form 8-K and other factors that are set forth in management’s discussion and analysis of Fairmount Santrol’s most recently filed reports with the SEC. Additional important factors that could cause actual results to differ materially from those indicated by forward-looking statements include risks and uncertainties relating to: the merger not being timely completed, if completed at all; if the merger is completed, the impact of any undertakings required by the parties in order to obtain regulatory approvals; prior to the completion of the merger, Fairmount Santrol’s and/or Unimin’s respective businesses experiencing disruptions due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, business partners or governmental entities; the industry may be subject to future regulatory or legislative actions that could adversely affect Fairmount Santrol’s and/or Unimin’s respective businesses; and the parties being unable to successfully implement integration strategies. While Fairmount Santrol and/or Unimin may elect to update forward-looking statements at some point in the future, Fairmount Santrol and Unimin specifically disclaim any obligation to do so, even if estimates change and, therefore, you should not rely on these forward-looking statements as representing our views as of any date subsequent to today.
FAIRMOUNT SANTROL STOCKHOLDERS ARE ENCOURAGED TO READ THE UNIMIN REGISTRATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE PROXY STATEMENT/PROSPECTUS THAT IS PART OF THE REGISTRATION STATEMENT BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER. The final proxy statement/prospectus will be mailed to the record holders. Investors and security holders will be able to obtain the documents free of charge at the SEC’s website, www.sec.gov, or from Fairmount Santrol at its web-site, FairmountSantrol.com.
Participants in Solicitation
Fairmount Santrol and its respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the Merger. Information concerning Fairmount Santrol’s participants is set forth in the proxy statement, dated April 6, 2017, for Fairmount Santrol’s 2017 Annual Meeting of stockholders as filed with the SEC on Schedule 14A. Additional information regarding the interests of such participants in the solicitation of proxies in respect of the Merger is included in the Registration Statement and proxy statement/prospectus and other relevant materials filed with the SEC.