Covia Holdings LLC announced plans to separate its Energy and Industrial businesses into separate companies. The decision enables both companies to pursue separate growth strategies that will maximize their respective values in the future. The company's industrial business will continue to operate as Covia Solutions and provide customer-centric, innovation-driven solutions through a diverse set of high-quality products, including high-purity silica sand, nepheline syenite, feldspar, kaolin and ball clays, cristobalite, and coated materials, that serve the construction, paints, plastics, architectural and specialty glass, and ceramics markets.

Covia Energy will be a leading pure-play sand company serving the energy industry, providing proppant and logistical solutions to E&Ps and Oilfield Service companies in major basins across North America. Each business will have a clear focus, a stand-alone capital structure, a distinct and compelling investmenthesis, independent management team, and scale advantages to deliver superior solutions for customers.