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Headwaters Incorporated can trace its source to Cynsulo Inc., which was incorporated in Nevada in 1987.
Cynsulo had a small initial public offering in 1988.
1991: Riverbed acquires briquette-making technology.
In 1992, it built a prototype briquetting plant in Price, Utah.
The company was known for a time in 1994 as Environmental Technologies Group International.
Covol agreed to acquire the Wellington Loadout in Carbon County, Utah, from Nevada Electric Investment Co. in November 1995.
Cook, formerly director of strategic accounts at PacifiCorp Inc., had first joined Covol in June 1996 as chief financial officer and was named president and CEO four months later.
ISG had been formed in 1997 by Steve Creamer and Chip Everest, who acquired a number of coal combustion residue companies after selling their interest in an eastern Utah landfill.
Kirk Benson became CEO of Covol in April 1999.
Headwaters' share price rose 383 percent during the 2001 calendar year, reported the Salt Lake Tribune, making it the best-performing stock among Utah's publicly held companies.
2001: Headwaters acquires HTI.
The Section 29 tax credit for synfuels was scheduled to expire in 2007, which would likely make this side of the business unprofitable.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Nucor | 1940 | $30.7B | 26,001 | 365 |
| Martin Marietta | 1993 | - | 8,500 | 172 |
| Steel Dynamics | 1993 | $17.5B | 9,625 | 338 |
| Nkl | 1891 | $140.8M | 466 | - |
| Valmont Industries | 1946 | $4.1B | 9,800 | 277 |
| Dover | 1955 | $7.7B | 23,000 | 380 |
| Nalco Holding Company | 1928 | $3.9B | 11,500 | - |
| Kinder Morgan | 1997 | $15.1B | 11,012 | 197 |
| Flowserve | 1997 | $4.6B | 17,000 | 190 |
| St Mary Land & Exploration Co | - | - | - | - |
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Eco Material Technologies may also be known as or be related to Eco Material Technologies, Headwaters, Headwaters Corp, Headwaters Inc, Headwaters Incorporated and Headwaters, Inc.