Cabot Company History Timeline

1882
1882 After graduating from Harvard University, Godfrey and his brother Samuel Cabot buy the McCue well near Worthington, Pennsylvania, USA and open their first carbon black plant.
After graduating from Harvard in 1882, he went to the oil and gas fields of western Pennsylvania to start a business.
1882 Cabot develops a creosote stain to preserve wood shingles.
1887
In 1887 Godfrey bought out Samuel's interest in the business.
Godfrey broke away in 1887 to found the forerunner of what is today the Cabot Corporation, a concern that soon eclipsed the family paint firm.
1888
Cabot's response was to purchase gas leases and drill on the sites, drilling his first successful gas well in Saxonburg, Pennsylvania, in 1888.
1893
In the summer of 1893 he created a prototype insulation with layers of eelgrass stitched between sheets of heavy paper.
1897
He continued, despite the glut, to buy up small carbon black factories as well, and by 1897 he was probably the largest producer in the industry.
1898
In 1898, with the exhaustion of the Pennsylvania gas fields, Cabot moved his operation to West Virginia, where he acquired oil and gas leases, which he drilled successfully.
1907
1907 The company is incorporated.
1910
1910 Founder's son, Samuel Cabot II, becomes president.
1912
In 1912, Robert s great-grandfather opened a small furniture store in Haverhill, Massachusetts.
1922
1922 Godfrey forms his first legal entity when Godfrey L. Cabot, Inc. is incorporated.
He patented the process in 1922 and trademarked a family of heavy-bodied stains under the name Cabot's Collopakes.
1924
A director of State Street since 1924, Paul now owns 92,458 shares of the concern, worth more than 4.5 million.
1925
Thomas Cabot, Godfrey's son, opened Cabot's Southwestern Division, headquartered in Breckenridge, Texas, in 1925.
1930
Cabot formed Cabot Shops, Inc., in 1930 to construct the carbon black plants.
By 1930 the company had developed a gloss collopake for doors, shutters, and trim.
1935
In 1935 Cabot began drilling for oil and gas in Texas and built two natural gas processing plants in West Texas near two of its carbon black plants.
1938
However, in 1938, after a series of nervous breakdowns and attempts to take his life by leaping from windows and embankments, he died, just eight days before his 39th birthday.
1939
By 1939 Cabot had sales of nearly 7 million.
1942
The substance was considered so important to the war effort that a governmental interagency carbon black committee was set up when production lagged in 1942, and funds were made available to producers.
1942 Sales begin a 12-year annual increase.
1950
In 1950 Cabot built its first carbon black plant in Europe, near Liverpool, England.
Diversification and Expansion 1950--80.
1951
1951 Cabot Carbon of Canada, Ltd. is formed and construction on a new carbon black plant begins in Sarnia, Ontario.
1953
1953 The Cabot Corporation Foundation, Inc. is established to support our community outreach activities.
1958
Two years earlier, in 1958, Weyerhauser Corporation had purchased Olympic Stains, and soon Olympic surpassed Cabot as the number one selling stain.
1959
1959 Construction begins on a new carbon black facility in Ravenna, Italy.
1962
In 1962 founder Godfrey Cabot died.
1963
The company went public in 1963 with the sale of 12 percent of its common stock.
The company began experiments on plastic polymers and compounds and in 1963 began producing titanium, a high-performance metal, at its facility in Ashtabula, Ohio.
1968
1968 For the first time ever, Cabot stock is made available to the public as 12 of shares are sold on the New York Stock Exchange.
1970
To this end, the company, under CEO Robert A. Charpie, acquired the Stellite Division from Union Carbide in 1970.
1971
In 1971 Norris expanded the business with additional locations to accommodate a growing customer base and renamed the company Cabot House.
1975
Under the leadership of Cabot IV, the company grew to 12 times its 1975 size, and was an industry leader in the development, manufacture, and distribution of premium-quality interior and exterior wood care products.
1977
Cabot IV officially took over in 1977 when the company's annual sales were 3 million and the growth rate was near zero.
1978
In 1978 Cabot acquired Kawecki Berylco Industries, which enabled the company to produce beryllium-copper, tantalum, and columbium products as well as aluminum alloys.
1979
Most significantly, it acquired TUCO, Inc. in 1979, which added about 500 miles of pipeline and two gas processing plants to its holdings in the Southwest.
1981
1981 Our global footprint expands in Indonesia and the Netherlands.
1986
1986 Samuel W. Bodman is named president and chief executive officer.
1987
In 1987 the Cabot family, which owned 30 percent of the company, replaced Charpie and tapped Samuel Bodman as CEO in hopes of turning the company around.
1993
Meanwhile, Cabot had discovered a new use for the rare metal cesium, which was abundant in the Manitoba mine the company had purchased in 1993.
In 1993, a team of Cabot researchers developed a process for modifying the surface of carbon, allowing chemists and researchers to prepare surface modified carbon black products with properties never before associated with carbon materials.
1994
In 1994 Schutz's drive to bypass the company's traditional distributor pipeline and offer direct prices to retailers backfired when its largest distributor, a company that brought in 20 percent of Cabot's sales, announced it was dropping the Cabot line.
1996
In 1996, Cabot formed the Cabot Specialty Fluids business unit to oversee development and marketing of these new cesium-based drilling and completion fluids.
1998
In 1998, the Cabot's Inkjet Colorants' products were used for the first time in new inkjet printers being produced by the printer manufacturers.
However, in 1998 Cabot regained some of its lost ground, posting a 35 percent net gain--up to 122 million from the previous year's 93 million.
In 1998 Cabot began the lengthy process of revamping its corporate structure.
1999
According to a February 22, 1999 article in Forbes, the company was spending 83 million annually--almost a full third of its pretax income--on research and development.
A natural gas liquefaction plant was scheduled for opening in Trinidad in mid-1999.
2000
By 2000 Cabot would control more than half of the Australian wood care market and sold more stains per capita in Australia than anywhere else.
2000 John Schutz is named president, making him the first non-Cabot to hold that position Cabot IV remains as chairman.
2001
2001 Kennett F. Burnes becomes president and chief executive officer.
Samuel Cabot Inc. reached 1.5 billion in annual sales in 2001.
2003
In 2003, Cabot developed a commercialized process that allows continuous production of aerogels under ambient conditions, which was the start of the company's Aerogel business.
2008
2008 Patrick M. Prevost becomes president and chief executive officer.
2009
In 2009, Cabot completed construction of and began operating two additional rubber black production plants at its carbon black plant in Tianjin, China, increasing capacity to 150,000 metric tons.
2011
2011 ENOVA aerogel and LUMIRA aerogel products are launched, providing solutions for architectural daylighting, subsea pipelines, coatings, building insulation, personal care products and more.
Cabot sold its Supermetals business, which produced tantalum, niobium and related alloys, in 2011 to Global Advanced Metals Pty Ltd.
2012
In July 2012, Cabot purchased Norit NV, the largest producer of activated carbon, for 1.1 billion.
2012 Capacity expansion in Barry, Wales, United Kingdom strengthens our long-term partnership with Dow Corning and helps us meet the rising global demand for silicones.
2015
2015 A new LP series of low polycyclic aromatic hydrocarbons PAH carbon black products is launched to help customers meet stringent performance specifications while ensuring compliance with regulatory requirements and quality certifications.
2016
2016 Sean D. Keohane becomes president and chief executive officer.
2018
AustinInspired by his family tradition, Austin joined Cabot House in the spring of 2018.
Founded
1882
Company Founded
Headquarters
Boston, MA
Company Headquarter
Founders
Godfrey Cabot
Company Founders

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