Posted on 1/4/2016
SALT LAKE CITY, UTAH, Jan. 7, 2015 -- Purestream Services, LLC, a Utah-based water treatment and solutions company, and John Swire and Sons Inc., a subsidiary of John Swire & Sons Limited (Swire), have partnered to provide a capital funding transaction that will allow Purestream to continue expanding its activities in oilfield water treatment and other water treatment markets.
Under the terms of the agreement, Swire will provide funding to Purestream that will enable the company to maximize the enormous business opportunities arising from the robust demand for both dynamic water treatment and management capabilities as a result of increased drilling in areas such as the Permian Basin and Eagle Ford in Texas (see "System to treat frack water at...