Covia Holdings Corporation

Covia Holdings Corporation, based in the US, specializes in producing innovative mineral and material solutions, serving diverse industries including construction, ceramics, and glass manufacturing. Covia Holdings Corporation, founded in 1986 and headquartered in Independence, US, manufactures mineral solutions for various applications. The company underwent a restructuring with an investment from Golden Gate Capital in December 2020, raising USD 175. 00 mn.

Covia has completed a total of 7 deals, reflecting its established presence in the market. The current CEOs are Andrew Eich and Richard Navarre. Covia primarily specializes in producing and supplying mineral and material solutions tailored for various industries. Key products include MINEX® functional mineral fillers for paints, GLASSIL® high-purity silica sands for flat glass, PREMIERE® ceramic pressing clays for tile production, and INCAST® foundry sand for metal casting.

Their offerings cater to a wide range of clients, including construction, ceramics, and glass manufacturing sectors, and are marketed across North America with growing international reach. In the most recent year, 2019, Covia reported revenue of USD 1,595. 45 mn with an EBITDA of USD -1,204. 30 mn.

The company utilizes a business-to-business model, engaging directly with manufacturers and generating income through bulk sales and long-term supply agreements, ensuring consistent revenue streams based on clients' production needs. Covia plans to utilize the funds from its recent restructuring deal to develop upcoming products and enhance market presence. The company aims to expand its footprint in international markets by targeting specific regions with particular demands for mineral solutions. The strategic focus includes launching innovative products designed to meet evolving industry needs, although specific release dates and product details have not been disclosed.