M&A Deal Summary

Covia Acquires Southern Lime

On January 1, 2008, Covia acquired energy services and equipment company Southern Lime

Acquisition Highlights
  • This is Covia’s 1st transaction in the Energy Services and Equipment sector.
  • This is Covia’s 2nd transaction in the United States.
  • This is Covia’s 2nd transaction in Alabama.

M&A Deal Summary
Date 2008-01-01
Target Southern Lime
Sector Energy Services and Equipment
Buyer(s) Covia
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Southern Lime

Calera, Alabama, United States
Southern Lime one of the world's leading industrial mineral producers and a subsidiary of Belgium-based SCR-Sibelco NV.

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Buyer(S) 1

Buyer

Covia

Independence, Ohio, United States
Category Company
Founded 1970
Sector Metals/Mining
Revenue 1.6B USD (2019)
DESCRIPTION

Covia is a producer of high-quality products, distinctive technical capabilities, and the industry’s most comprehensive and accessible distribution network. The company has a strong legacy built on a spirit of partnership with each other which attracts great people and helps them excel while fueling innovation and prosperity for all stakeholders. Covia was founded in 1970 and is based in Independence, Ohio.

DEAL STATS #
Overall 2 of 3
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Alabama) 2 of 2
Country (United States) 2 of 3
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-10 Peak Lime

Calera, Alabama, United States

Peak Lime, Inc. is a manufacturer of lime (also known as quicklime) and hydrate lime (water added to form a slurry) and distributes it throughout the southeastern United States. Lime is a widely-used industrial material with applications in steel manufacturing, chemical production, utilities (for flue gas desulfurization), construction, water treatment, and acid neutralization.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-07 Fairmount Santrol

Sugar Land, Texas, United States

Fairmount Santrol is a US producer of industrial sand in the United States. Fairmount Santrol services a wide variety of markets and industries, including oil and gas, glass, foundry, abrasive, filtration, pool filter, golf courses, artificial sports fields, and play sand.

Buy -
Mergr

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