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Covelli Enterprises. Covelli Enterprises was founded in 1959 by Albert Covelli and its first restaurant was McDonald's. There have been many changes at Covelli since 1959, specifically the restaurants in its portfolio but the values have stayed constant. The firm still emphasizes treating customers and employees with respect and dignity.
It will be effective on September 1, 2015. Bayer intends to float Covestro on the stock market by mid-2016 at the latest. The plan for Bayer MaterialScience to become a separate company was announced in September 2014.The name Covestro is made from a combination of words that reflect the identity of the new company.Covestro represents a bold new direction and bright future for an innovation-driven polymers company,â said Patrick Thomas, Chief Executive Officer of Bayer MaterialScience and CEO designate of Covestro.