Rocket Chemical Company
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Rocket Chemical Company
The WD-40 Company, originally the Rocket Chemical Company, is an American manufacturer of household and multi-use products, including its signature brand, WD-40, as well as 3-In-One Oil, Lava, Spot Shot, X-14, Carpet Fresh, GT85, 1001, Solvol, 2000 Flushes and No Vac. It is based in San Diego, California. , the company marketed its products in more than 176 countries. History WD-40 Company was founded as Rocket Chemical Company in September 1953 by Cyril E. Irving, Norman Roulette and his son Robert Roulette, and Iver Norman Lawson. Reginald S. Fleet is also claimed to be a founding member by his alma mater, Georgia Institute of Technology. The company had offices in Chula Vista and National City before moving to Kearny Villa Road in Kearny Mesa in 1955. Sam Crivello, who owned a tuna seiner, a major industry in San Diego at that time, was an early investor and became a director in 1958. Norman B. Larsen was president of Rocket in 1957 and 1958, and he had the idea of pa ...
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San Diego
San Diego ( , ; ) is a city on the Pacific Ocean coast of Southern California located immediately adjacent to the Mexico–United States border. With a 2020 population of 1,386,932, it is the List of United States cities by population, eighth most populous city in the United States and the county seat, seat of San Diego County, the List of the most populous counties in the United States, fifth most populous county in the United States, with 3,338,330 estimated residents as of 2019. The city is known for its mild year-round climate, natural deep-water harbor, extensive beaches and parks, long association with the United States Navy, and recent emergence as a healthcare and biotechnology development center. San Diego is the List of municipalities in California, second largest city in the U.S. state, state of California, after Los Angeles. Historically home to the Kumeyaay people, San Diego is frequently referred to as the "Birthplace of California", as it was the first site vi ...
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Seine Fishing
Seine fishing (or seine-haul fishing; ) is a method of fishing that employs a surrounding net, called a seine, that hangs vertically in the water with its bottom edge held down by weights and its top edge buoyed by floats. Seine nets can be deployed from the shore as a beach seine, or from a boat. Boats deploying seine nets are known as seiners. Two main types of seine net are deployed from seiners: ''purse seines'' and ''Danish seines''. A seine differs from a gillnet, in that a seine encloses fish, where a gillnet directly snares fish. Etymology The word ''seine'' has its origins in the Old English ''segne'', which entered the language via Latin ''sagena'', from the original Greek σαγήνη ''sagēnē'' (a drag-net). History Seines have been used widely in the past, including by Stone Age societies. For example, the Māori used large canoes to deploy seine nets which could be over a kilometer long. The nets were woven from green flax, with stone weights and light wood o ...
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Companies Based In San Diego
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Chemical Companies Established In 1953
A chemical substance is a form of matter having constant chemical composition and characteristic properties. Some references add that chemical substance cannot be separated into its constituent elements by physical separation methods, i.e., without breaking chemical bonds. Chemical substances can be simple substances (substances consisting of a single chemical element), chemical compounds, or alloys. Chemical substances are often called 'pure' to set them apart from mixtures. A common example of a chemical substance is pure water; it has the same properties and the same ratio of hydrogen to oxygen whether it is isolated from a river or made in a laboratory. Other chemical substances commonly encountered in pure form are diamond (carbon), gold, table salt ( sodium chloride) and refined sugar ( sucrose). However, in practice, no substance is entirely pure, and chemical purity is specified according to the intended use of the chemical. Chemical substances exist as solids, liqu ...
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Chemical Companies Of The United States
A chemical substance is a form of matter having constant chemical composition and characteristic properties. Some references add that chemical substance cannot be separated into its constituent elements by physical separation methods, i.e., without breaking chemical bonds. Chemical substances can be simple substances (substances consisting of a single chemical element), chemical compounds, or alloys. Chemical substances are often called 'pure' to set them apart from mixtures. A common example of a chemical substance is pure water; it has the same properties and the same ratio of hydrogen to oxygen whether it is isolated from a river or made in a laboratory. Other chemical substances commonly encountered in pure form are diamond (carbon), gold, table salt (sodium chloride) and refined sugar (sucrose). However, in practice, no substance is entirely pure, and chemical purity is specified according to the intended use of the chemical. Chemical substances exist as solids, liquids, ...
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NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. History 1971–2000 "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). On February 8, 1971, the Nasdaq stock market began operations as the world's first electronic stock market. At first, it was merely a "quotation system" and did not provide a way to perform electronic trade ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ...
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President (corporate Title)
A president is a leader of an organization, company, community, club, trade union, university or other group. The relationship between a president and a chief executive officer varies, depending on the structure of the specific organization. In a similar vein to a chief operating officer, the title of corporate president as a separate position (as opposed to being combined with a "C-suite" designation, such as "president and chief executive officer" or "president and chief operating officer") is also loosely defined; the president is usually the legally recognized highest rank of corporate officer, ranking above the various vice presidents (including senior vice president and executive vice president), but on its own generally considered subordinate, in practice, to the CEO. The powers of a president vary widely across organizations and such powers come from specific authorization in the bylaws like ''Robert's Rules of Order'' (e.g. the president can make an "executive decision" on ...
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John Barry (WD-40)
John Steven Barry (August 31, 1924 – July 3, 2009) was an American business executive who popularized WD-40, a water-displacing spray and solvent that had been created in the 1950s for use in the space program and spread its use in the consumer market. Early life and education Barry was born in Minneapolis, Minnesota. He attended the University of Minnesota, from which he received a bachelor's degree in mechanical engineering. He was designated to participate in an officer's training program after enlisting in the United States Navy, as part of which he attended Columbia University and Harvard University. After his military service, he attended the MIT Sloan School of Management, earning a master's degree in business administration. He had been hired by 3M after graduation, but was called to active duty in the Navy during the Korean War.Martin, Douglas"John S. Barry, Main Force Behind WD-40, Dies at 84" ''The New York Times'', July 22, 2009. Accessed July 22, 2009. WD-40 The pr ...
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CRC Industries
CRC Industries is a manufacturer and distributor of industrial chemicals for maintenance and repair of marine, electrical, industrial, automotive and aviation equipment. History It was founded in 1958 after a verbal agreement between Rocket Chemical, the predecessor of the WD-40 Company, and Charles J. Webb II to distribute WD-40 fell apart. Webb then set up a competitor company in Philadelphia, Corrosion Reaction Consultants, Inc., and hired away Rocket president Norman Larsen to lead it. In 1960 it consisted of Larsen, two chemists and five staff. Its first product was CRC Corrosion Inhibitor, also called 5–56, a product comparable to WD-40. The product was reformulated in 1963 as the company diversified to make more specialized products. The company has been owned by Berwind Corporation since 1981. Products CRC's first product, 5-56, is still sold. However, 6-56, a silicone-based replacement, is CRC's current competing product for WD-40. Brakleen, a tetrachloroethy ...
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Norman Larsen
Norman Bernard Larsen (1923—1970) was an American industrial chemist. Biography He was born in Chicago. Larsen is sometimes credited with inventing the WD-40 formula in 1953 but this is not certain. The WD-40 company website and other books and newspapers credit him but according to Iris Engstrand, a historian of San Diego and California at the University of San Diego, it was actually Iver Norman Lawson (also an engineer born in Chicago at around the same time as Norm Larsen), and the names became confused over time. The formula was kept as a trade secret, so no patent was ever filed listing inventors. Larsen left the Rocket Chemical Company (the original producers of WD-40) in 1958 after a verbal agreement between Rocket and a distributor fell apart; the distributor set up CRC Industries CRC Industries is a manufacturer and distributor of industrial chemicals for maintenance and repair of marine, electrical, industrial, automotive and aviation equipment. History It was ...
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