Fairmount Santrol and Unimin has closed a proposed merger and will operate as Covia Holdings. The combined company will focus on responsibility, quality and reliability and will trade on the New York Stock Exchange under the ticker symbol CVIA.
Jenniffer Deckard president and CEO of Covia says the new company will serve customers in key industrial end-markets with a geographically diverse asset base and a portfolio of high-performance solutions.
Once the merger has closed, Covia’s board of directors will consist of 13 members. Seven directors have been chosen from Unimin, including Richard Navarre, Kurt Decat, Jean-Luc Deleersnyder, Michel Delloye, Jean-Pierre Labroue, Olivier Lambrechts and Jeffrey Scofield. Five directors from Fairmount Santrol will include William Conway, Charles Fowler, Stephen Hadden, William Kelly and Matthew LeBaron. Deckard will also join the board of directors.