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INDUSTRY NEWS


INDUSTRY NEWS


Unimin, Fairmount Santrol complete merger; new company called Covia


The merger between AFS Corporate Members Un- imin Corporation and Fairmount Santrol is complete, and the new name of the company is Covia Holdings Corporation (Chesterland, Ohio). “Today is a historic day for Covia and we would like to thank our stockholders, employees, custom- ers and partners for their support in completing this significant achievement,” said Jenniffer Deckard, President and CEO, Covia. “As we make our debut as Covia, the strong foundation built by our two highly complementary legacy organizations underpins an industry leader, strongly positioned to serve custom- ers’ needs through our broad array of high-quality products, distinctive technical capabilities, and the industry’s most comprehensive production and distri- bution network. “We look forward to utilizing these unique com-


petitive advantages to achieve our near-term synergy goals and to create significant long-term value for all of our stakeholders.” Covia commenced trading on the New York Stock


Exchange under the ticker symbol CVIA. Fairmount Santrol ceased trading and has been delisted from the NYSE.


Ryobi Die Casting Inc. receives award from Honda


Ryobi Die Casting (Shelbyville, Indiana), a sup- plier of aluminum diecastings, was recognized with an Excellence in Quality Award from Honda at its Annual Supplier Conference. Honda has more than 700 (OEM) suppliers that


provide parts to 16 Honda plants in North America that produce Honda and Acura automobiles and light trucks and the engines and transmissions that power them. Ryobi Die Casting was one of 45 out of 736 OEM parts suppliers serving Honda with parts and components for mass production recognized with an award. “We are known in the industry to have high-qual-


ity dies that produce very high-quality parts,” said Tom Johnson, USA president, Ryobi Die Casting. “We are proud to have been able to bring our high- quality systems and know-how and have been able to partner with Honda. We are also proud to be a significant supplier on the 2018 Honda Accord, 2018 North American Car of the Year.”


12 | MODERN CASTING July 2018


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