Unimin, Fairmount Santrol complete merger; new company called Covia
The merger between AFS Corporate Members Unimin Corporation and Fairmount Santrol is complete, and the new name of the company is Covia Holdings Corporation (Chesterland, Ohio).
“Today is a historic day for Covia and we would like to thank our stockholders, employees, customers and partners for their support in completing this significant achievement,” said Jenniffer Deckard, President and CEO, Covia. “As we make our debut as Covia, the strong foundation built by our two highly complementary legacy organizations underpins an industry leader, strongly positioned to serve customers’ needs through our broad array of high-quality products, distinctive technical capabilities, and the industry’s most comprehensive production and distribution network.
"We look forward to utilizing these unique competitive advantages to achieve our near-term synergy goals and to create significant long-term value for all of our stakeholders."
Covia will commence trading today on the New York Stock Exchange under the ticker symbol CVIA. Fairmount Santrol common stock ceased trading prior to the market opening today and will be delisted from the NYSE.