---
schema_version: "secwatch.filing_event.v1"
accession: "0000071829-22-000161"
form_type: "8-K"
ticker: "NPKI"
cik: "0000071829"
company_name: "NPK International Inc."
filed_at: "2022-10-21T23:59:59+00:00"
generated_at: "2026-06-23T02:06:08.988138+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Newpark Resources to sell Excalibar mineral grinding business to Cimbar for $48M plus inventory

## Summary
- Sale price $48M cash, adjusted for inventory value target of $24.5M; net capital employed ~$65M as of Sep 30, 2022.
- Expected net cash proceeds ~$66M from sale plus retained receivables/payables; closing targeted in Q4 2022.
- Newpark will enter 4-year barite supply agreement with Cimbar covering at least 95% of U.S. barite purchases.
- Proceeds to be used for debt reduction, growth investments, and/or share repurchases.
- Transaction includes customary closing conditions; PPHB and Culhane Meadows advised Newpark.

## SEC filing metadata
- accession: 0000071829-22-000161
- form_type: 8-K
- ticker: NPKI
- cik: 0000071829
- company_name: NPK International Inc.
- filed_at: 2022-10-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/71829/000007182922000161/0000071829-22-000161-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/71829/000007182922000161/nr-20221019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000071829-22-000161
- JSON: https://secwatch.observer/filing/0000071829-22-000161.json
- Plain text: https://secwatch.observer/filing/0000071829-22-000161.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.