Newpark Resources Announces New Brand Identity, Aligning Strategic Focus on Specialty Rental Solutions for the Global Worksite Access Market
09 December 2024 - 11:00PM
Business Wire
Newpark Resources rebrands to NPK
International
NPK International to commence trading on the
NYSE under the ticker symbol NPKI beginning December 19, 2024
Newpark Resources, Inc. (NYSE: NR) (“Newpark” or the “Company”)
today announced that it has formally changed the Company name to
NPK International Inc. (“NPK”), effective today.
Key highlights of the rebranding campaign include the
following:
- New brand identity. NPK is a leading worksite access
solutions company committed to providing best-in-class products and
services to support our customers critical infrastructure projects.
Building on a legacy of innovation, NPK provides sustainable
technologies that deliver superior quality and reliability to a
diverse, growing base of domestic and international customers.
NPK’s branding demonstrates a long-term commitment to delivering
value-creating solutions that position its customers for long-term
success.
- New corporate website. In conjunction with its
rebranding, the Company has launched a new corporate website,
consistent with its new brand identity. The new website, which may
be accessed at www.npki.com, highlights NPK’s strategic focus,
breadth of capabilities, and commitment to delivering access
solutions that drive sustainable, efficient project support across
various industries.
- New ticker symbol. The Company’s common stock will begin
trading on NYSE under the ticker symbol 'NPKI' prior to market open
on December 19, 2024. This will replace the Company's current
ticker symbol 'NR’.
“Today, we enter an exciting new chapter in the history of our
company with the formal launch of NPK International, an
organization committed to serving the diverse, high-performance
requirements of the global worksite access market,” stated Matthew
Lanigan, President and Chief Executive Officer of NPK.
“NPK is a vertically integrated, pure-play provider of worksite
access solutions serving an established base of global
infrastructure customers, including those in the utility and energy
markets,” stated Lanigan. “As NPK, we will continue to prioritize a
disciplined, return-driven approach toward capital allocation as we
seek to maximize shareholder value, while providing our customers
with a superior solutions offering that emphasizes durability,
cost-efficiency, compliance, and sustainability. We have a
well-defined strategic roadmap for profitable growth and look
forward to having our shareholders, customers, and partners join us
as we continue to build and strengthen our industry-leading
worksite access brand.”
ABOUT NPK INTERNATIONAL
NPK International Inc. is a site access solutions company that
manufactures, sells, and rents industry-leading sustainable
composite matting products, along with a full suite of services,
including planning, logistics, and remediation. As a geographically
diversified company, the Company delivers superior quality and
reliability across critical infrastructure markets, including
electrical transmission & distribution, oil and gas
exploration, pipeline, renewable energy, petrochemical,
construction, and other industries. For more information, visit our
website at www.npki.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241209753369/en/
IR CONTACT Noel Ryan or Paul Bartolai
investors@npki.com
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