Coventya

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Coventya
Type limited company
Industry Chemical Industry
Founded 1927 then known as Société Continentale Parker
Headquarters Villeneuve-la-Garenne, France
Area served Worldwide
Key people

Dr. T. Costa Chief Executive Officer

Torsten Becker Chief Financial Officer
Products Specialty Chemicals for surface finishing
Revenue Increase approx 120 million euros[1]
Employees Increase 500 approx
Website www.coventya.com

Coventya Group is an international specialty chemicals company which provides electrolytic surface finishing, including the processes relating to metal deposits through chemical reduction (such as electroless nickel) plating. These processes 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 40 countries and employs more than 500 people (2013). Its global turnover is about 120 million Euros.[3] The group was created in 1927 as Société Continentale Parker.[4] 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 and the USA. Major competitors of Coventya are the US-based companies Enthone and MacDermid.

History[edit]

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).[5] 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).[6]

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.[7] 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)[8]
  • Polar, Italy (1993)[9]
  • TECS, France (1994)[10]
  • Pelidag, France (1995)[11]
  • Weiland, Germany (1996)[12]

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.[13]

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

  • Folke-Stigen, Sweden (2001)[14]
  • McGean Rohco Mexico (2002)[15]
  • CGT/Auromet, Italy (2002)[16]
  • CGL Quimica, Brazil (2003)[17]
  • Sirius Technologies, USA (2004)[18]
  • Coventya (Suzhou) Chemicals, China, (2006)[19]
  • Taskem, USA (2007)[20]
  • Palojoki, Finland (2008)
  • Plating Business of Chemetall-Rai, India (2011) [21]
  • Molecular Technologies, UK (2012)[22]
  • Ecostar Co. Ltd South Korea(2012) [23]

Capital Structure[edit]

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.[24] 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.[25]

Since 2012, Coventya's headquarters are located in Villeneuve-la-Garenne (near Paris).[26]

Production Sites[edit]

  • Gütersloh, Germany [27]
  • Villorba, Italy[28]
  • Agliana, Italy[29]
  • Wolverhampton, UK[30]
  • Cleveland, Ohio, USA
  • Mexico City[31]
  • Caxias do Sul, Brazil[32]
  • Suzhou, China[33]
  • Pune, India[34]
  • Ansan, South Korea[35]
  • Tampoi, Malaysia

Turnover[edit]

The Turnover distribution in 2013 was as follows:

  • Europe: 57%
  • Americas : 29%
  • Asia : 14%

Products[edit]

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

  • Corrosion protection : Zinc and Zinc Alloys, conversion coatings without Chrome VI and Top-coats.
  • Decoration : Copper-Nickel-Chrome and their alloys
  • Functional : Electroless Nickel[36] and Hard Chrome
  • Precious metals : Complete range of pure metals and their alloys: Gold, Silver, Palladium, Rhodium, Platinum, Ruthenium.
  • Preparation : Cleaners, Etching solutions, Chemical and Electrolytic Polishing Products
  • Aluminium surface treatment : Cleaners, Etching solutions, Passivation, Sealers
  • Cataphoretic lacquers : zinc–flake coatings

References[edit]

  1. ^ http://www.theengineer.co.uk/sectors/process/barclays-private-equity-completes-mbo-of-coventya/1009386.article
  2. ^ http://www.metalfinishing.com/view/9631/coventya-reorganizes-management-structure-/
  3. ^ http://www.theengineer.co.uk/sectors/process/barclays-private-equity-completes-mbo-of-coventya/1009386.article
  4. ^ http://www.zinc-fonderie-france.com/index.php?page=24&lang=1
  5. ^ http://docs.google.com/viewer?a=v&q=cache:CF2-R1pwnnUJ:www.greenovate-europe.eu/system/files/u53/3_Thiery.pdf+Parker+rust+proof+soci%C3%A9t%C3%A9+continentale&hl=en&pid=bl&srcid=ADGEEShwk7s2-WPsbwyXz_GPGiwl0z6aLHF7rpXqwWn1TvfRemEnWrXO_fHr2m5ByFZvtAlAJhKhW1BZ1_FyM2lA-iuJ-G9KBaKIj0Vp9CzqnmP7g73CjIQTH6niLhJxwp0IzILx4YZS&sig=AHIEtbTm2-ay-jjFiE2vu6D4KT52oRBPmQ
  6. ^ http://docs.google.com/viewer?a=v&q=cache:xM6lspRaRRcJ:epatras.economie.fgov.be/DisplayPDF/ExtraData/FR/5023/518798.pdf+continentale+parker+galvanoplastie&hl=fr&gl=fr&pid=bl&srcid=ADGEESjnkqLktAb7Yti0zYsi8w5rVRrPH2o29WhEYOtokQt_iya5zzMeGqMSjFVR5PDDrd16_os_LrFDq7QH2C9_U1DRdassCJhjhIPchi6o8mpTjbpIRybiwCfCMIyghzkFtUOsBikv&sig=AHIEtbQ7A_dAc_SZ94PjRzJXqZMwBlyQ3Q
  7. ^ http://www.chemetall.fr/index.jsp?content=4CCD93CAF81F5570C1256E950057327E&men=1&submen=2&subopen=1_true
  8. ^ http://issuu.com/infopro/docs/821-24-dossier_/8
  9. ^ http://issuu.com/infopro/docs/821-24-dossier_/8
  10. ^ http://issuu.com/infopro/docs/821-24-dossier_/8
  11. ^ http://issuu.com/infopro/docs/821-24-dossier_/8
  12. ^ http://issuu.com/infopro/docs/821-24-dossier_/8
  13. ^ http://www.usinenouvelle.com/article/traitement-de-surfacechemetall-plating-technologies-se-deploiereprise-par-quadriga-capital-et-le-management-la-division-traitements-electrolytiques-de-chemetall-rebaptisee-coventya-multiplie-les-proje.N100265
  14. ^ http://www.industrie.com/chimie/galvanoplastie-premiere-acquisition-pour-coventya,23463
  15. ^ http://artigos.tol.pro.br/portal/linguagem-fr/Coventya
  16. ^ http://www.industrie.com/chimie/projets-et-realisations-coventya-reprend-un-groupe-italien,31692
  17. ^ http://artigos.tol.pro.br/portal/linguagem-fr/Coventya
  18. ^ http://www.aboutus.org/Sirius-Tech.com
  19. ^ http://www.sfchina.net/2010/detail_en.asp?boothnumber=SF13E13-16
  20. ^ http://www.aboutus.org/Sirius-Tech.com
  21. ^ http://issuu.com/infopro/docs/821-24-dossier_/8
  22. ^ http://www.metalfinishing.com/view/24442/coventya-completes-acquisition-of-molecular-technology/
  23. ^ http://www.lightweight-design.de/index.php;do=show/site=jot/sid=82804164753d3f2e2abe25822124620/alloc=110/id=16495
  24. ^ http://docs.google.com/viewer?a=v&q=cache:BzNXkm54c3sJ:asso.proxiland.fr/_default/dlfile.asp%3Fdb%3D%26i%3D2320+rachat+coventya+par+Natixis&hl=fr&gl=fr&pid=bl&srcid=ADGEESiY_FArGhE9kA8ZZkwPX31d4k-pfx3eYJg9sVuZKEGzBZW1O2JfODQc3mufdFmNVjP8WsuN_Xlila4P_1j_E7ZvpDMnWdwqFVnYbOyryp5EQe1s5hJxM0nkO-YBp2yAkYU-bmWa&sig=AHIEtbTI3GVJVoBiFqtz8LqT7BBIFK3KfQ
  25. ^ http://www.cfo-news.com/NiXEN-Partners-annonce-la-cession-du-groupe-Coventya_a18713.html
  26. ^ http://www.societe.com/societe/coventya-433420577.html
  27. ^ https://www.stadtwerke-gt.de/762.0.html
  28. ^ http://www.impresaitalia.info/KK04055775/coventya-srl/villorba.aspx
  29. ^ http://www.impresaitalia.info/search.asp?pagina=1&tipo=1&cerca=cerca&cosa=coventya+srl&dove=Agliana&cerco=idcatul
  30. ^ http://www.companiesintheuk.co.uk/ltd/coventya
  31. ^ http://www.business-to-business-directory.com/Coventya-Mexico-S-A-De-C-V
  32. ^ http://www.hagah.com.br/rs/caxias-do-sul/local/133264,2,coventya-quimica.html
  33. ^ http://www.certipedia.com/quality_marks/9105048707/more_information?locale=en
  34. ^ http://www.metalfinishing.com/view/24070/coventya-broadens-presence-in-asia/
  35. ^ http://issuu.com/grupotp/docs/autorevista_-_2269
  36. ^ Al Ruffini, Matt Sisti, «Electroless Nickel Technology, Properties and Applications», Products Finishing 2004 Directory

See also[edit]