Covia Completes Separation of Energy and Industrial Businesses
July 01 2024 - 9:00AM
Business Wire
Covia Holdings LLC, a leading provider of mineral-based and
material solutions for the industrial and energy markets, today
announced that it has completed the previously announced separation
of its Energy and Industrial businesses.
Covia Energy, LLC now operates as a stand-alone company based in
The Woodlands, Texas. Michael Segura, who joined Covia in 2023 as
President of the Energy Division, has been confirmed as the
President and CEO of Covia Energy. Bruno Biasiotta continues as
President and CEO of Covia Solutions, the business focused on
industrial markets, which is headquartered in Independence, Ohio.
Both companies are privately held.
Biasiotta said, “Separating these two very different businesses
into independent companies allows both to pursue the strategies and
opportunities that make the most sense in their markets. We’re
excited to see what the future holds for both, and we look forward
to serving our customers even more efficiently and providing
innovative solutions that support their success.”
“The separation is an exciting step forward for Covia Energy,”
said Segura. “The foundation we’ve built for this business over the
past several years is a great platform for continued growth and
value. With a clear focus on the oil and gas markets, we can scale
to support our customers through our reliable service and quality
products.”
About Covia Solutions
Covia is a leading provider of diversified mineral solutions to
a variety of industrial markets, including glass, ceramics,
coatings, metals, foundry, polymers, construction, water
filtration, and sports and recreation. The company serves its
customers through a broad array of essential, high-quality
products, including high-purity silica sand, nepheline syenite,
feldspar, kaolin and ball clays, cristobalite, and coated
materials. Long-standing relationships with a broad customer base
enable Covia’s market-inspired approach to innovation to enhance
solutions and customer benefits. Underpinning these strengths is an
unwavering commitment to safety and to sustainable development,
further enhancing the value that Covia delivers to all its
stakeholders. For more information, visit CoviaCorp.com.
About Covia Energy
Covia Energy is a leading provider of high-quality proppant and
logistical solutions, offering in-depth industry expertise, highly
reliable operations, and an extensive delivery network to
diversified oil and gas markets across North America. The company
supplies premium Northern White Sand from strategically located
mines delivering products to all major North American shale basins
through an expansive rail and terminal network. Covia Energy also
provides proppant to producers throughout the Permian Basin from
regional mines with close proximity to the Midland and Delaware
basins. For more information, visit CoviaCorp.com/CoviaEnergy.
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version on businesswire.com: https://www.businesswire.com/news/home/20240627982736/en/
Covia Solutions Amanda Meehan MediaRelations@CoviaCorp.com
Covia Energy Michelle Stribling
CoviaEnergyMedia@CoviaCorp.com