M&A Deal Summary

MLC Acquires Covia - Calera Business

On July 8, 2019, MLC acquired metals/mining company Covia - Calera Business from Covia

Acquisition Highlights
  • This is MLC’s 1st transaction in the Metals/Mining sector.
  • This is MLC’s 1st transaction in the United States.
  • This is MLC’s 1st transaction in Ohio.

M&A Deal Summary
Date 2019-07-08
Target Covia - Calera Business
Sector Metals/Mining
Buyer(s) MLC
Sellers(s) Covia
Deal Type Divestiture

Target

Covia - Calera Business

Independence, Ohio, United States
Covia - Calera Business is a provider of high-calcium quicklime and hydrated lime products to customers in the Southeastern U.S. and across a range of end uses and applications.

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Buyer(S) 1

Buyer

MLC

St. Louis, Missouri, United States
Category Company
Founded 1907
Sector Chemicals
DESCRIPTION

MLC is a provider of high-calcium lime products and technical solutions. MLC operates the largest lime facility in the Americas and mines some of the purest limestone reserves in the world. MLC supplies high-calcium quicklime, hydrated lime, calcium carbonate products, trucking services, and technical solutions from a diversified, reliable network of facilities. MLC was founded in 1907 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 1 of 3
Sector (Metals/Mining) 1 of 2
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-08 Singleton Birch

Barnetby, United Kingdom

Singleton Birch is an independent supplier of lime products that has a number of business lines, including a chemicals division, which provides specialty calcium products to the rubber and plastics markets. It also provides services and solutions to the renewable energy, water treatment, and waste management industries. The business works with local farms to run anaerobic digesters that provide electricity used by the business from renewable zero-carbon sources. Singleton Birch is based in Barnetby, United Kingdom.

Buy -

Seller(S) 1

SELLER

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 1 of 2
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 2
State (Ohio) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-26 Covia Holdings - Winchester & Western Railroad

Maryland, United States

Covia Holdings Corp. - Winchester & Western Railroad provides point-to-point delivery services.

Sell $105M
Mergr

Product

Company

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