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American Colloid Company company history timeline

1927

Bechtner struck a partnership with the founders of Bentonite Mining in 1927.

1929

Bechtner had finally discovered his niche. As a result of Bechtner's sales push, that figure bolted to more than 3,000 tons in 1929.

1935

By 1935 American Colloid's shipments had grown to the point where a second processing plant had to be built.

1936

Also in 1936, the sales and production divisions of American Colloid merged to form a single company; American Colloid Co.

1940

By 1940 American Colloid was selling more than 35,000 tons of clay annually.

Weaver had joined the company straight out of high school in 1940.

1941

Worse yet, in 1941 fire again destroyed the Upton plant.

1957

To keep pace with gains, the company opened another plant in Mississippi in 1957.

1961

Paul Bechtner died from a stroke in 1961 at the age of 79.

The company opened a new Alabama calcium Bentonite processing center in 1961.

1963

1963: A Scottsbluff, Nebraska, trucking company is purchased.

1965

In 1965, moreover, the company inaugurated its first overseas production plants, which were located in Duisburg, Germany, and Birkenhead, England.

The hard-charging, outspoken Hughes had joined American Colloid straight out of college in 1965 as a research chemist.

1968

Everett Weaver handed off some of the day-to-day control of American Colloid to his brother, Bill, in 1968.

1986

In 1986 Hughes formed a subsidiary--Chemdal Corporation--to produce and market the superabsorbent polymer.

1987

The company raised cash in 1987 by going public for the first time, and Hughes launched aggressive new cost-control and quality initiatives.

1988

Similarly, in 1988 American Colloid purchased Absorbent Clay Products, Inc., a cat litter company in Illinois.

1989

A separate European division of that subsidiary was established in England in 1989.

1991

1991: Colloid Environmental Technologies Company (CETCO) is formed as a subsidiary.

1995

During 1995 American Colloid changed its name to AMCOL International Corporation.

The company operated 37 production/research facilities throughout the world in 1995 and was posting record profits, largely as a result of innovative new products.

1997

Late in 1997 CETCO acquired two France-based distributors of its geosynthetic clay liners, and AMCOL also acquired the cat litter business of LaPorte PLC, which included Cassius, a well-known European brand.

1999

AMCOL gained a presence in the bentonite industry of south Asia in May 1999 via the purchase of a 20 percent stake in Ashapura Minechem Limited of India.

2001

Post-Chemdal, AMCOL was a much smaller company--2001 revenues of $275.3 million amounting to less than half of the firm's record total of $552.1 million two years earlier.

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Founded
1927
Company founded
Headquarters
Hoffman Estates, IL
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American Colloid Company may also be known as or be related to AMERICAN COLLOID COMPANY, American Colloid Co., American Colloid Company Inc and American Colloid Company.