Covia Completes Acquisition of R.W. Sidley’s Industrial Minerals Division
Independence, Ohio-based Covia, a leading provider of mineral-based and material solutions for a range of Industrial markets, completed the previously announced acquisition of R.W. Sidley’s Industrial Minerals Division, which provides high-quality, silica-based products for use in filtration, industrial and sports applications.
Independence, Ohio-based Covia, a leading provider of mineral-based and material solutions for a range of Industrial markets, completed the previously announced acquisition of R.W. Sidley’s Industrial Minerals Division, which provides high-quality, silica-based products for use in filtration, industrial and sports applications.
The acquisition of Sidley’s silica sand mining operation in Thompson Township includes the quarry and reserves, along with certain buildings, machinery and equipment needed for operations.
Financial terms of the deal were not disclosed.
A Covia spokesperson said the industrial minerals portion of the Thompson operations includes about 40 people, all of whom have joined Covia, which today has approximately 2,500 team members.
Covia said in a statement that bringing the Thompson facility and reserves into the Covia network provides customers of both companies with enhanced capacity, a broader range of products and services and long-term availability of supply.
With complementary commercial offerings and complementary geographies, the addition of the Thompson mine will allow Covia to reach more customers with more choices, the company said.
For example, customers seeking best quality bunker sand for golf courses now have a selection of top brands from one supplier, with Pro/Angle®, a premium angular sand made from pure silica quartz, now offered along with Covia’s BESTSAND™ products. Adding the Thompson site to the Covia portfolio also broadens our offerings in filter media, premium infill sand for athletic fields, and construction materials,
“We’re excited to bring the Thompson team and operations into Covia, to expand our network and the range of products we offer. Customers of both companies will have access to a broad portfolio of high-quality products, along with the strength and support of Covia’s brand and expertise,” said Barry Esposito, Covia’s executive vice president, industrial performance materials, U.S. and Canada, in a company news release.
R.W. Sidley’s president, Bob Buescher, stated in the release, “Our team has worked tirelessly to create a strong portfolio of products and brands, foster strong industry relationships, and make a positive impact on the communities we serve. That same team can now flourish under Covia’s resources and leadership. It’s wonderful knowing that the vision of Bob Sidley, our long-term, late leader, will continue to grow in Geauga County for years to come.”
