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Covia To Shut Down New Canaan Offices, Lay Off 60

Covia will be closing its New Canaan office.
Covia will be closing its New Canaan office. Photo Credit: Google Maps/Street View

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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