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Coventya

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Coventya
Company typelimited company
IndustryChemical Industry
Founded1927 then known as Société Continentale Parker
Headquarters
Villeneuve-la-Garenne
,
France
Area served
Worldwide
Key people
Erik Weyls Chief Executive Officer Torsten Becker Chief Financial Officer
ProductsSpecialty Chemicals for surface finishing
RevenueIncrease approx 280 million euros[1]
Number of employees
Increase 670 approx
Websitewww.coventya.com

COVENTYA Group is an international company which provides specialty chemicals for electroplating, surface finishing and friction control. These chemicals are used in the so-called GMF (General Metal Finishing) industry.[2] Surface finishing is used in various industries such construction, sanitary, fashion, luxury goods, electronic or oil industry.

The group is present in more than 60 countries and employs more than 670 people (2018). Its global turnover is about 150 million Euros.[1] The group was created in 1927 as Société Continentale Parker.[3] The company was formerly part of the Chemetall group located in Frankfurt, Germany.

COVENTYA is represented worldwide with production sites in Brazil, Italy, Germany, United Kingdom, India, South Korea, China, Mexico, Turkey and the USA.

History

COVENTYA's history is linked to Société Continentale Parker in Clichy (92, France). In 1927, four aviation pioneers: Louis Paulhan, Enea Bossi, Pierre Prier and Robert Deté created Société Continentale Parker on the basis of a license for Parkerisation from Parker Rust-Proof in Detroit (MI, USA).[4] In 1930, Continentale Parker started its Plating activities based on a license agreement of Udylite also from Detroit. The first licensed product introduced into the market was an organic brightener for Cadmium plating.

During the 1960s, Continentale Parker specialized in the Plating of precious metals due to the distribution of Sel-Rex processes of Nutley (NJ, USA).[5]

In 1965, the German group Metallgesellschaft AG acquired most of the shares of Société Continentale Parker. Later on, it was integrated into Chemetall GmbH, created in 1984, in order to regroup all of its specialty chemicals activities.[6] The internationalization began with the setting-up of electroplating departments in Chemetall Benelux and Spain, followed in 1988 by a new external development policy targeted towards Western Europe:

  • Barattini, Italy (1989)[7]
  • Polar, Italy (1993)[7]
  • TECS, France (1994)[7]
  • Pelidag, France (1995)[7]
  • Weiland, Germany (1996)[7]

The group eliminated the diversity of names by creating a new single identity in 1998: Chemetall Plating Technologies.

The risky speculations of Metallgesellschaft on oil futures in 1993 eventually caused it to separate from the plating activity and led to the sale of the business in 2000, which then became COVENTYA.[8]

Coventya continued to pursue the globalization trend, favoring the external development of the company by acquisition:

  • Folke-Stigen, Sweden (2001)[9]
  • McGean Rohco Mexico (2002)[10]
  • CGT/Auromet, Italy (2002)[11]
  • CGL Quimica, Brazil (2003)[10]
  • Sirius Technologies, USA (2004)[12]
  • Coventya (Suzhou) Chemicals, China, (2006)[13]
  • Taskem, USA (2007)[12]
  • Palojoki, Finland (2008)
  • Plating Business of Chemetall-Rai, India (2011) [7]
  • Molecular Technologies, UK (2012)[14]
  • Ecostar Co. Ltd South Korea (2012) [15]
  • Politeknik, Turkey (2017) [16]
  • Telbis Turkey (2017) [16]
  • MicroGLEIT, Germany (2018) [17]

In June 2021, it was announced that Element Solutions, through its subsidiary MacDermid Ethone, would acquire the company.[18] The takeover was completed in September of the same year.[19]

Capital Structure

After the acquisition of Société Continentale Parker in 1965, Chemetall GmbH was created in 1982, in order to manage all specialty chemicals of the group. Chemetall was then integrated in Dynamit Nobel in 1992, the new subsidiary of Metallgesellschaft.

In 2000, the activity became independent after an MBO (Management Buy-Out) with the support of Quadriga Capital, Frankfurt for the equity financing. After the exit of Quadriga in 2006, the French bank Natixis, via its subsidiary iXEN, took over the role of majority shareholder.[20] A special feature of the structure was a significant shareholding of employees in the capital of the company. In 2011, Barclays Private Equity (renamed Equistone Partners Europe) took over the majority of the shares and the role of iXEN in its holding Coventya Holding SAS, with a registered office located in Clichy, France.[21]

Since 2012, Coventya's headquarters are located in Villeneuve-la-Garenne (near Paris)[22] and the major shareholder is presently the European investment fond Silverfleet Capital.[23]

Production Sites

  • Gütersloh, Germany [24]
  • Pfaffenhofen, Germany
  • Villorba, Italy[25]
  • Agliana, Italy[26]
  • Wolverhampton, UK[27]
  • Cleveland, Ohio, USA
  • Mexico City[28]
  • Caxias do Sul, Brazil[29]
  • Suzhou, China[30]
  • Pune, India[31]
  • Cheonan, South Korea[32]
  • Johor, Malaysia
  • Istanbul, Turkey

Turnover

The Turnover distribution in 2017 was as follows:

  • Europe: 57%
  • Americas: 23%
  • Asia: 20%

Products

COVENTYA develops, manufactures and distributes a complete range of products for the plating industry such as:

  • Preparation: Cleaners, Etching solutions, Chemical and Electrolytic Polishing Products
  • Corrosion protection: Zinc and Zinc Alloys, Passivation, Chrome VI and Cobalt free conversion coatings and Top-coats
  • Lubrication: Anti-friction Coatings, Lubricating Pastes
  • Functional: Electroless Nickel[33] and Hard Chrome
  • Aluminium surface treatment: Cleaners, Etches, Surface Brighteners, Acid Deoxidizers and anodizing additives, as well as various Colouring Agents, Conversion Coatings and Sealants
  • Decoration: Copper-Nickel-Chrome and their alloys, Trivalent Chrome
  • Plating On Plastics: Wetting Agents, Neutralizers, Activators, Electroless Nickel For Plastic Metallization
  • Precious metals: Complete range of pure metals and their alloys: Gold, Silver, Palladium, Rhodium, Platinum, Ruthenium (Nickel and Cadmium free options are available)
  • Cathodic electrocoats: Wetting Agents, Solvents, Cataphoretic lacquers and colours
  • Water treatment: Cationic and Anionic polymers, Metal precipitants, Flocculants as well as Organic and Silicone based Antifoams.

References

  1. ^ a b "Archived copy". Archived from the original on 14 July 2014. Retrieved 20 July 2011.{{cite web}}: CS1 maint: archived copy as title (link)
  2. ^ "Metal Finishing - Coventya Reorganizes Management Structure". Archived from the original on 30 September 2011. Retrieved 25 July 2011.
  3. ^ "Zinc Fonderie France". Archived from the original on 25 May 2011. Retrieved 20 July 2011.
  4. ^ Google docs [dead link‍]
  5. ^ Google docs [dead link‍]
  6. ^ "Chemetall Group - Home".
  7. ^ a b c d e f "Galvano Organo by Infopro Digital". issuu.com. Archived from the original on 26 July 2014.
  8. ^ Nouvelle, L'Usine (25 January 2001). "TRAITEMENT DE SURFACEChemetall Plating Technologies se déploieReprise par Quadriga Capital et le management, la division traitements électrolytiques de Chemetall, rebaptisée Coventya, multiplie les projets".
  9. ^ Chimie, Info (21 May 2001). "Galvanoplastie/Première acquisition pour Coventya".
  10. ^ a b "Sobre Coventya | Tecnologia On-Line". Archived from the original on 25 July 2014. Retrieved 18 July 2014.
  11. ^ Chimie, Info (28 October 2002). "Projets et réalisations/Coventya reprend un groupe italien".
  12. ^ a b "Sirius-Tech.com - AboutUs". aboutus.com. Retrieved 6 January 2024.
  13. ^ "Sfchina". Archived from the original on 28 March 2012. Retrieved 25 July 2011.
  14. ^ "Coventya Completes Acquisition of Molecular Technology - Metal Finishing". www.metalfinishing.com. Archived from the original on 25 July 2014.
  15. ^ "Coventya expandiert in Korea - LightWeightDesign". Archived from the original on 3 August 2014.
  16. ^ a b "French Coventya expands with two acquisitions in Turkey". Retrieved 23 August 2018.
  17. ^ "Coventya erwirbt Mehrheitsbeteiligung der microGLEIT GmbH" (in German). Archived from the original on 23 August 2018. Retrieved 23 August 2018.
  18. ^ "MacDermid Enthone Industrial Solutions Announces Intention to Acquire Coventya". FinishingandCoating.com. 11 June 2021. Retrieved 9 March 2023.
  19. ^ "Element Solutions Inc Announces Closing of Coventya Acquisition". www.businesswire.com. 1 September 2021. Retrieved 9 March 2023.
  20. ^ Google docs [dead link‍]
  21. ^ "NiXEN Partners annonce la cession du groupe Coventya". Archived from the original on 15 July 2011. Retrieved 25 July 2011.
  22. ^ "COVENTYA (NEYRON) Chiffre d'affaires, résultat, bilans sur SOCIETE.COM - 433420577". www.societe.com. Retrieved 6 January 2024.
  23. ^ Figari, Luciano (29 March 2016). "Silverfleet acquires Coventya from Equistone - Real Deals". Real Deals. Retrieved 23 August 2018.
  24. ^ "Stadtwerke Gütersloh: Coventya GmbH". Archived from the original on 26 July 2014. Retrieved 18 July 2014.
  25. ^ "Coventya SRL Villorba - Impresa Italia".
  26. ^ "Hai cercato coventya SRL Agliana su impresaitalia.info".
  27. ^ "Coventya Limited, WV10 7DF : Companies House Number 03694016".
  28. ^ "Coventya México S.A. De C.V." Archived from the original on 13 March 2012. Retrieved 25 July 2011.
  29. ^ "Coventya Química em Caxias do Sul/RS | Representantes de produtos químicos hagah".
  30. ^ "TÜV Rheinland Group - Request more information on Coventya Surface Treatment Technology (Suzhou) Co., LTD. No. 1088 Yinzhong South Road, Hedong Industrial Park, Wuzhong". Archived from the original on 16 April 2015. Retrieved 18 July 2014.
  31. ^ "Coventya Broadens Presence in Asia - Metal Finishing". www.metalfinishing.com. Archived from the original on 19 July 2014.
  32. ^ "Autorevista - 2269 by Versys Ediciones Técnicas, S.L. - Issuu". 7 November 2013.
  33. ^ Al Ruffini, Matt Sisti, «Electroless Nickel Technology, Properties and Applications», Products Finishing 2004 Directory

See also

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