Covestro signs on as official sponsor for Pittsburgh Penguins
Participating in this sponsorship deal:
About Sponsor:
Covestro is a Bayer spin off formed in the fall of 2015 and formerly Bayer MaterialScience, Bayer's $12.3 billion materials science division. Covestro shares were first offered on the Frankfurt Stock Exchange in October 2015. Bayer sold off shares in 2017 and by September had a 24.6% stake, meaning that Bayer no longer had a controlling interest; Bayer's pension fund had an 8.9% stake managed separately.
About Property:
The Pittsburgh Penguins are a professional ice hockey team based in Pittsburgh, Pennsylvania. They are members of the Atlantic Division of the Eastern Conference of the National Hockey League . The franchise was founded in 1967 as one of the first expansion teams during the league's original expansion from six to twelve teams. The Penguins played in the Civic Arena from the time of their inception through the end of the 2009-10 season. They moved into their new arena, Consol Energy Center, to begin the 2010–11 NHL season. They have qualified for four Stanley Cup Finals, winning 3 Stanley Cups in their history, in 1990–91, 1991–92, and 2008–09.