Newpark Resources, Inc. has announced the formation of Composite Mat Solutions LLC, a new fully owned subsidiary focused on the growing composite mat business.

Frank M. Buck has been appointed president of the new entity. Separately, J. Phillip Carpenter, president of Newpark Environmental Services, Inc. will assume a second role as president of SOLOCO, LLC, Newpark's oilfield rental and construction business unit.

Headquartered in Lafayette, Louisiana, Composite Mat Solutions LLC will handle all of Newpark's composite mat sales and operations. Newpark's DURA-BASE(R) Composite Mat System provides temporary surfaces for energy, construction, military and other industry applications around the world. The new business unit will focus on expansion of market share beyond the traditional oilfield applications.