Minerals and materials firm Covia has announced it will close its New Canaan facility, laying off 60 employees.
According to the Connecticut Department of Labor Warn Notice, Covia made the announcement last week that it will begin closing the plant in the first quarter of 2019 with a complete closure date of 2020.
Covia, located at 258 Elm St., became a business following a May merger of New Canaan-based Unimin Corp. with Independence, Ohio-based Fairmount Minerals.
According to shareholder reports, the company reported a net loss of $289 million for the last quarter, caused by pre-tax impairments, restructuring, and merger-related charges.
Covia employs more than 3,000 in the U.S., Canada, and Mexico. They are the largest seller of “proppants” used in the fracking process.
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