NPK Acquires Grassform Plant Hire for $46.4M, Enhances U.K. Rental Operations

NPK International Inc. has acquired Grassform Plant Hire Limited for an all-cash purchase price of £35.2 million ($46.4 million). The acquisition strengthens NPK's core U.K. rental and service operations and was funded using cash on-hand and borrowings under the company's U.S. credit facility. Grassform is a U.K. market leader in ground protection and temporary roads.