The new owner is Newpark Mats & Integrated Services (NMIS), a unit of Houston-based Newpark Resources that provides ground protection products.
Oxfordshire-based Terrafirma has been the exclusive UK distributor of Newpark’s composite mat system since 2006.
“This acquisition represents the natural culmination of what was already a longstanding and mutually beneficial partnership between our two companies,” said NMIS president Jeff Juergens.
Terrafirma Roadways managing director Hugh Robertson said: "We are excited to join the ranks of such a highly regarded, publically traded, and global company. As longtime proponents of the precision engineering that goes into Newpark’s Dura-Base system, we’re looking forward to having the company’s direct support and resources behind us. This relationship ensures that the service we deliver to our customers will continue being second to none.”