Fairmount Santrol Partners with Unimin to Create Covia
Fairmount Santrol, based in Chester Township, announced in May it would be merging with Unimin Corporation, based in Connecticut, to form Covia Holdings Corporation, which will trade on the New York Stock Exchange under the ticker symbol CVIA.
Fairmount Santrol, based in Chester Township, announced in May it would be merging with Unimin Corporation, based in Connecticut, to form Covia Holdings Corporation, which will trade on the New York Stock Exchange under the ticker symbol CVIA.
The merger was complete in June and Jennifer Decker, president and CEO of Fairmount Santrol, will serve as president and CEO of Covia, which will be governed by a board of directors, according to the corporate press release on its website.
“Covia will be a clear leader in our space, best positioned to serve customers in key industrial end-markets and every shale play, with a broad geographically diverse asset base and a full portfolio of high-performance solutions. Covia will further distinguish itself by the way in which it will lead,” Decker said.
The five directors selected by Fairmount Santrol are William Conway, Charles Fowler, Stephen Hadden, William Kelly and Matthew LeBaron. Seven directors chosen by Unimin to serve on the board are Richard Navarre, Kurt Decat, Jean-Luc Deleersnyder, Michel Delloye, Jean-Pierre Labroue, Olivier Lambrechts and Jeffrey Scofield.
