Silverfleet completes buyout of Coventya

Silverfleet is pleased to announce the completion of the buyout of Coventya, an international specialty chemicals business, headquartered in France. Coventya develops, manufactures and supplies specialty chemicals used for surface treatments; offering a wide range of products used across a broad range of industry sectors such as: automotive, luxury and consumer goods, construction, aviation and data storage. Operating in 58 countries on four continents, Coventya has 570 employees working out of eleven production sites and seven R&D centres.

Working with Coventya’s ambitious management team, we shall build on the company’s leading market position through:

• Replicate success in China and Malaysia in other markets in Asia
• Build Coventya’s position in the rapidly developing ‘Plating on Plastics’ market
• Pursue buy & build opportunities to expand into new geographic regions and adjacent technologies

Thomas Costa, CEO of Coventya, commented: “We are delighted to welcome Silverfleet as our new shareholder. They are ideal partners to continue our international development and to strengthen our position as a market leader.”