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In 1970, Irex offered all of its employees the opportunity to purchase shares in the new company in a stock offering registered with the United States Securities and Exchange Commission.
North Lime changed its name to ACandS Corporation in 1972.
Thus, in 1982, ACandS, Alexander V. Stoycos, and W. Kirk Liddell cofounded Specialty Products & Insulation Co. (SPI). Liddell was the son of James Liddell.
In 1983 ACandS Corporation changed its name to Irex Corporation.
In 1986, IREX relocated to Princeton, New Jersey, and had a close working relationship with Princeton University.
In late 1992, Irex engaged in a stock recapitalization.
The company wanted a name that did not limit it to any particular industry, and was also easy to pronounce and spell. As a result, the completion of the spinoff in late 1998 left Irex shareholders with a 55 percent stake in the company, while Evercore controlled 45 percent.
Irex picked up the pace even more in 2001, forming five new contracting companies.
By September 2002, when it filed for Chapter 11 bankruptcy protection, ACandS faced more than 250,000 claims seeking in excess of $1 billion in damages.
——, "City Firm Gets Fresh Start After Circuit Court Ruling," Lancaster New Era, February 2006.
"Irex Contracting Group ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/irex-contracting-group
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Irex may also be known as or be related to IREX, IREX Corporation, Irex, Irex Corp. and Irex Corporation.