Coventya

Last updated
Coventya
Type limited company
IndustryChemical Industry
Founded1927 then known as Société Continentale Parker
Headquarters
Villeneuve-la-Garenne
,
Area served
Worldwide
Key people
Erik Weyls Chief Executive Officer Torsten Becker Chief Financial Officer
ProductsSpecialty Chemicals for surface finishing
RevenueIncrease2.svg approx 280 million euros [1]
Number of employees
Increase2.svg 670 approx
Website www.coventya.com

COVENTYA Group is an international company which provides specialty chemicals for electroplating, surface finishing and friction control. These chemicals 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.

Contents

The group is present in more than 60 countries and employs more than 670 people (2018). Its global turnover is about 150 million Euros. [1] The group was created in 1927 as Société Continentale Parker. [3] 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, Turkey and the USA.

History

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). [4] 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). [5]

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. [6] 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:

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. [8]

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

In June 2021, it was announced that Element Solutions, through its subsidiary MacDermid Ethone, would acquire the company. [18] The takeover was completed in September of the same year. [19]

Capital Structure

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. [20] 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. [21]

Since 2012, Coventya's headquarters are located in Villeneuve-la-Garenne (near Paris) [22] and the major shareholder is presently the European investment fond Silverfleet Capital. [23]

Production Sites

Turnover

The Turnover distribution in 2017 was as follows:

Products

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

Related Research Articles

<span class="mw-page-title-main">Metallurgy</span> Field of science that studies the physical and chemical behavior of metals

Metallurgy is a domain of materials science and engineering that studies the physical and chemical behavior of metallic elements, their inter-metallic compounds, and their mixtures, which are known as alloys.

<span class="mw-page-title-main">Electroplating</span> Creation of protective or decorative metallic coating on other metal with electric current

Electroplating, also known as electrochemical deposition or electrodeposition, is a process for producing a metal coating on a solid substrate through the reduction of cations of that metal by means of a direct electric current. The part to be coated acts as the cathode of an electrolytic cell; the electrolyte is a solution of a salt of the metal to be coated; and the anode is usually either a block of that metal, or of some inert conductive material. The current is provided by an external power supply.

<span class="mw-page-title-main">Chrome plating</span> Technique of electroplating

Chrome plating is a technique of electroplating a thin layer of chromium onto a metal object. A chrome plated part is called chrome, or is said to have been chromed. The chromium layer can be decorative, provide corrosion resistance, facilitate cleaning, or increase surface hardness. Sometimes, a less expensive substitute for chrome such as nickel may be used for aesthetic purposes.

Plating is a finishing process in which a metal is deposited on a surface. Plating has been done for hundreds of years; it is also critical for modern technology. Plating is used to decorate objects, for corrosion inhibition, to improve solderability, to harden, to improve wearability, to reduce friction, to improve paint adhesion, to alter conductivity, to improve IR reflectivity, for radiation shielding, and for other purposes. Jewelry typically uses plating to give a silver or gold finish.

<span class="mw-page-title-main">Metallgesellschaft</span> German company

Metallgesellschaft AG was formerly one of Germany's largest industrial conglomerates based in Frankfurt. It had over 20,000 employees and revenues in excess of 10 billion US dollars. It had over 250 subsidiaries specializing in mining, specialty chemicals (Chemetall), commodity trading, financial services, and engineering (Lurgi). Henry Merton & Company, Ltd was previously a branch of the Metallgesellschaft.

<span class="mw-page-title-main">Gold plating</span> Coating an object with a thin layer of gold

Gold plating is a method of depositing a thin layer of gold onto the surface of another metal, most often copper or silver, by chemical or electrochemical plating. This article covers plating methods used in the modern electronics industry; for more traditional methods, often used for much larger objects, see gilding.

<span class="mw-page-title-main">Metallizing</span>

Metallizing is the general name for the technique of coating metal on the surface of objects. Metallic coatings may be decorative, protective or functional.

Super black is a surface treatment developed at the National Physical Laboratory (NPL) in the United Kingdom. It absorbs approximately 99.6% of visible light at normal incidence, while conventional black paint absorbs about 97.5%. At other angles of incidence, super black is even more effective: at an angle of 45°, it absorbs 99.9% of light.

<span class="mw-page-title-main">Surface finishing</span> Range of processes that alter the surface of an item to achieve a certain property

Surface finishing is a broad range of industrial processes that alter the surface of a manufactured item to achieve a certain property. Finishing processes may be employed to: improve appearance, adhesion or wettability, solderability, corrosion resistance, tarnish resistance, chemical resistance, wear resistance, hardness, modify electrical conductivity, remove burrs and other surface flaws, and control the surface friction. In limited cases some of these techniques can be used to restore original dimensions to salvage or repair an item. An unfinished surface is often called mill finish.

<span class="mw-page-title-main">Electroless deposition</span>

Electroless deposition (ED) or electroless plating is defined as the autocatalytic process through which metals and metal alloys are deposited onto conductive and nonconductive surfaces. These nonconductive surfaces include plastics, ceramics, and glass etc., which can then become decorative, anti-corrosive, and conductive depending on their final functions. Electroplating unlike electroless deposition only deposits on other conductive or semi-conductive materials when a external current is applied. Electroless deposition deposits metals onto 2D and 3D structures such as screws, nanofibers, and carbon nanotubes, unlike other plating methods such as Physical Vapor Deposition ( PVD), Chemical Vapor Deposition (CVD), and electroplating, which are limited to 2D surfaces. Commonly the surface of the substrate is characterized via pXRD, SEM-EDS, and XPS which relay set parameters based their final funtionality. These parameters are referred to a Key Performance Indicators crucial for a researcher’ or company's purpose. Electroless deposition continues to rise in importance within the microelectronic industry, oil and gas, and aerospace industry.

<span class="mw-page-title-main">Electroless nickel-phosphorus plating</span> Chemical-induced nickel coating of a surface

Electroless nickel-phosphorus plating, also referred to as E-nickel, is a chemical process that deposits an even layer of nickel-phosphorus alloy on the surface of a solid substrate, like metal or plastic. The process involves dipping the substrate in a water solution containing nickel salt and a phosphorus-containing reducing agent, usually a hypophosphite salt. It is the most common version of electroless nickel plating and is often referred by that name. A similar process uses a borohydride reducing agent, yielding a nickel-boron coating instead.

Phosphate conversion coating is a chemical treatment applied to steel parts that creates a thin adhering layer of iron, zinc, or manganese phosphates, to achieve corrosion resistance, lubrication, or as a foundation for subsequent coatings or painting. It is one of the most common types of conversion coating. The process is also called phosphate coating, phosphatization, phosphatizing, or phosphating. It is also known by the trade name Parkerizing, especially when applied to firearms and other military equipment.

Electroless nickel immersion gold (ENIG or ENi/IAu), also known as immersion gold (Au), chemical Ni/Au or soft gold, is a metal plating process used in the manufacture of printed circuit boards (PCBs), to avoid oxidation and improve the solderability of copper contacts and plated through-holes. It consists of an electroless nickel plating, covered with a thin layer of gold, which protects the nickel from oxidation. The gold is typically applied by quick immersion in a solution containing gold salts. Some of the nickel is oxidized to Ni2+ while the gold is reduced to metallic state. A variant of this process adds a thin layer of electroless palladium over the nickel, a process known by the acronym ENEPIG.

Immersion silver plating is a surface plating process that creates a thin layer of silver over copper objects. It consists in dipping the object briefly into a solution containing silver ions.

A molded interconnect device (MID) is an injection-molded thermoplastic part with integrated electronic circuit traces. The use of high temperature thermoplastics and their structured metallization opens a new dimension of circuit carrier design to the electronics industry. This technology combines plastic substrate/housing with circuitry into a single part by selective metallization.

Nickel electroplating is a technique of electroplating a thin layer of nickel onto a metal object. The nickel layer can be decorative, provide corrosion resistance, wear resistance, or used to build up worn or undersized parts for salvage purposes.

<span class="mw-page-title-main">Atotech</span>

Atotech is an international speciality chemicals and equipment company. It provides chemistry and equipment for companies that manufacture printed circuit boards, IC-substrates and semiconductors; and also provides specialty chemicals and equipment for decorative and functional surface finishing in the automotive, construction, furniture and other industries.

<span class="mw-page-title-main">Electroless nickel-boron plating</span> Metal plating process

Electroless nickel-boron coating is a metal plating process that can create a layer of a nickel-boron alloy on the surface of a solid substrate, like metal or plastic. The process involves dipping the substrate in a water solution containing nickel salt and a boron-containing reducing agent, such as an alkylamineborane or sodium borohydride. It is a type of electroless nickel plating. A similar process, that uses a hypophosphite as a reducing agent, yields a nickel-phosphorus coating instead.

Electroless copper plating is a chemical process that deposits an even layer of copper on the surface of a solid substrate, like metal or plastic. The process involves dipping the substrate in a water solution containing copper salts and a reducing agent such as formaldehyde.

Immersion zinc plating is an electroless (non-electrolytic) coating process that deposits a thin layer of zinc on a less electronegative metal, by immersion in a solution containing a zinc or zincate ions, Zn(OH)2−
4
. A typical use is plating aluminum with zinc prior to electrolytic or electroless nickel plating.

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See also