Covia has signed an agreement to acquire R.W. Sidley’s silica sand mining operation in Thompson, Ohio, effective in early 2024.
Bringing the Thompson facility and reserves into the Covia network provides customers of both companies with enhanced capacity, a broader range of products and services, and long-term availability of supply. With complementary commercial offerings and complementary geographies, the addition of the Thompson mine will allow Covia to reach more customers with more choices.
“We’re excited to bring the Thompson team and operations into Covia, to expand our network and the range of products we offer. Customers of both companies will have access to a broad portfolio of high-quality products, along with the strength and support of Covia’s brand and expertise,” said Barry Esposito, Covia’s executive vice president, industrial performance materials, U.S. and Canada.
R.W. Sidley’s president, Bob Buescher, stated, “Our team has worked tirelessly to create a strong portfolio of products and brands, foster strong industry relationships, and make a positive impact on the communities we serve. That same team can now flourish under Covia’s resources and leadership. It’s wonderful knowing that the vision of Bob Sidley, our long-term, late leader, will continue to grow in Geauga County for years to come.”
Inglewood Associates LLC served as R.W. Sidley’s exclusive financial advisor for this transaction.