NL Industries
NL Industries (NYSE: NL), formerly known as the National Lead Company, is a lead smelting company currently based in Houston, Texas. National Lead was one of the 12 original stocks included in the Dow Jones Industrial Average at the time of its creation on May 26, 1896.[1]
Contents
History
It began business in Philadelphia in 1772.[2] The name "National Lead Company" was used since 1891 after a series of mergers. National Lead changed its name to NL Industries in 1971.
Legal issues
NL Industries has encountered legal problems based on their long history of selling lead paint.
On January 7, 2014 the final statement of decision for The People of the State of California vs. Atlantic Richfield Company, Conagra Grocery Products Company, E.I. Du Pont De Nemours and Company, NL Industries, Inc., and the Sherwin-Williams Company, Case No.: 1-00-CV-788657 was entered by James P. Kleinberg, Judge, Superior Court of California.[3] By March 26, 2014 Santa Clara County Superior Court Judge James Kleinberg's final amended judgment against NL Industries has them jointly and severally with ConAgra and Sherwin-Williams pay $1.15 billion.[4] Members of the team of attorneys who fought the case, including Mary E. Alexander of Mary Alexander & Associates, P.C. in San Francisco, Joseph W. Cotchett and Nancy L. Fineman of Cotchett, Pitre & McCarthy, LLP in Burlingame, Calif., Peter Earle of the Law Office of Peter Earle in Milwaukee, Wis., and Fidelma L. Fitzpatrick of the firm Motley Rice in Providence, R.I. were given a 2014 Trial Lawyer of the Year Award at the annual Public Justice Gala and Awards Dinner on July 27 at the American Visionary Art Museum in Baltimore, Md.[5]
National Lead and Dutch Boy Paints
in 1907, National Lead entered the consumer market for titanium paints, creating a product line under the name "Dutch Boy". Dutch Boy paints competed with other brands that contained mineral products supplied by National Lead. The "Dutch Boy Painter", which was created by Lawrence Carmichael Earle, became National Lead's symbol for many years.
NL Industries sold off the Dutch Boy brand in 1980 to Sherwin-Williams, two years after the CPSC's directive banning on the manufacturing of lead housepaint went into effect.
CompX International
| Public limited company | |
| Traded as | NYSE MKT: CIX[6] |
| Industry | Security & Protection Services |
| Founded | August 4, 1993 |
| Headquarters | Dallas, Texas |
|
Area served
|
the United States |
|
Key people
|
David Bowers (CEO) |
| Services | Security Products, Furniture Components and Marine Components |
 US$ 83.2 million (2012)[7] |
|
| US$ 35.0 million (2012)[7] |
|
| Total assets | US$ 150.2 million (2012)[7] |
| Total equity | US$ 102.1 million (2012)[7] |
|
Number of employees
|
466 (2013)[8] |
| Website | www |
CompX International Inc. is one of the largest manufacturers of security products and recreational marine components in the world.[9] Located in Dallas, Texas, CompX International Inc. is also a subsidiary of NL Industries, Inc.[8] The business of the company is divided into three segments: Security Products, Furniture Components and Marine Components. Their products are designed to meet the high-end applications.[10] CompX International Inc. offers its products through original equipment manufacturers and distributors.[11]
History
Based in Dallas, Texas, the company was founded to open business on August 4, 1993.[12][13] In March 1998, CompX International Inc. completed its Initial Public Offering, making it a public company with stocks traded on the New York Stock Exchange under the symbol of ‘’’CIX’’’.[10]
In 1999, CompX International moved the corporate headquarters from Mauldin, S.C. to Houston.[14][15]
On Jan 11, 2000, CompX International Inc. acquired Chicago Lock Co. successfully for about $9.2 million in cash, which was borrowed under its existing credit facility.[16] In May 2002, CompX International achieved an agreement to close its Dallas corporate office.[17]
In September 2004, NL Industries completed the acquisition of 68% of CompX International for $168.6 million.[18]
In December 2012, CompX International Inc. sold its Furniture Components operations to Knape & Vogt Manufacturing Company for approximately $59 million in cash.[19]
Leadership
The main officers of the company are listed as follows[20]
- David Bowers - President, Chief Executive Officer
- Jim Brown - Chief Financial Officer
References
- ↑ "History of the Dow", The Motley Fool, May 29, 1996. Accessed October 24, 2011.
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- ↑ Foundation in Yahoo
- ↑ foundation time
- ↑ "CompX moves to Houston" Houston Business Journal
- ↑ CompX moved to Houston
- ↑ [1]
- ↑ CompX International close Dallas corporate office
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- ↑ Managers
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