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UST company history timeline

1986

The 1986 law called for three rotating labels warning that the products could cause mouth cancer; that they could cause gum disease and tooth loss; and that smokeless tobacco is not a safe alternative to cigarette smoking.

1987

EPA’s semiannual reports show data about UST cleanup and prevention performance since 1987.

House of Windsor, however, was sold to its employees in 1987.

1990

Its four-week $2-million ad campaign for New York City touted the Bandits as an alternative to smoking and invited potential users to "take a pouch instead of a puff." By 1990, Bandits comprised five percent of UST's business.

1991

In 1991 alone, however, UST had spent $14 million to distribute free samples of its products.

1992

The University of Santo Tomas College of Commerce Alumni Foundation, Inc (COCAFI), a private non-stock and non-profit foundation, was founded in 1992.

By 1992, males in the Southeast, Mountain/Plain, and Southwestern regions had per capita use of more than ten cans of smokeless tobacco annually.

1993

By 1993, all federally regulated USTs had to include a release detection method, or combination of methods, that:

Louis Bantle announced he would retire at the end of 1993 after 20 years as CEO. During this period UST sales grew from $100 million to just over $1 billion.

Vincent Gierer Jr., who had been CEO since 1993, remained chairman of the board of directors.

1996

In 1996, and in response to the growing information technology needs of the commercial industry, the College offered a new program: the B.S. Commerce major in Information System Management.

1998

By 1998, all federally regulated USTs systems had to be upgraded or replaced so they had:

1999

In 1999, under Dean Amelia Halili, the College was selected as a “Center of Development” by the Commission on Higher Education.

2002

The January 2002 Small Business Liability Relief and Brownfields Revitalization Act, in addition to other things, addressed petroleum brownfields by assessing and cleaning up abandoned gas stations and other petroleum brownfields sites.

The last batch of students with the degree B.S. Commerce major in Information Systems Management graduated in March 2002.

Since 2002, state UST financial assurance funds have paid for approximately $20 billion to clean up UST releases.

2005

Congress provided supplemental money from the LUST Trust Fund for EPA to give grants to states for assessing and remediating UST facilities affected by Hurricanes Katrina and Rita in 2005—$15 million divided among Alabama, Mississippi, and Louisiana.

2006

The company is incorporated in Delaware, and in the fall of 2006 announced it would move its headquarters from Greenwich, Connecticut to Stamford, Connecticut.

UST held 62.4 percent of the smokeless tobacco market as of the third quarter of 2006, according to an Oct.

2007

For the first time in 2007, EPA designated tribal inspectors as authorized representatives of EPA to inspect USTs.

2009

Effective January 6, 2009, Altria acquired all outstanding shares of UST Inc. (UST), shareholders of UST are entitled to receive $69.50 in cash without interest and less any applicable withholding tax, for each share of common stock held at the effective time of the merger.

The College was then renamed the College of Commerce and Business Administration in the same year when the BSBA major in Financial Management and BSBA major in Marketing Management were initially offered. It was in March 2009 when the University through the College first conferred these degrees on very first graduates of these degrees.

In the American Recovery and Reinvestment Act of 2009, Congress appropriated $200 million from the LUST Trust Fund to EPA for states to clean up releases of contamination from federally regulated underground storage tanks.

2015

LUSTLine’s December 2015 article (PDF)(28 pp, 11.3 MB), beginning on page 15, discussed an analysis of more frequent inspections and the effect on improved compliance and increased release prevention.

Many states since have achieved program approval from EPA. In addition, many states are applying to EPA for authorization under the 2015 federal UST regulation, with Oklahoma being the first state to be re-authorized.

2019

The Petroleum Equipment Institute’s (PEI) October 2019 PEI/RP1200, Recommended Practices for the Testing and Verification of Spill, Overfill, Leak Detection and Secondary Containment Equipment at UST Facilities, is one example of an industry recommended practice.

2021

As of September 2021 and since the beginning of the federal UST program, EPA and our partners—states, territories, tribes, and industry—cleaned up over 500,000 releases from underground storage tank systems.

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Founded
1986
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Headquarters
Stamford, CT
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UST competitors

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IKEA North America Services, LLC1985$79.0M35094
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UST history FAQs

Zippia gives an in-depth look into the details of UST, including salaries, political affiliations, employee data, and more, in order to inform job seekers about UST. The employee data is based on information from people who have self-reported their past or current employments at UST. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by UST. The data presented on this page does not represent the view of UST and its employees or that of Zippia.

UST may also be known as or be related to US T'S, Inc., UST, UST Inc and Ust Inc.