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Viskase Companies history
Viskase Companies company history timeline
VISKASE® began as the Visking Corporation back in 1925, in the Chicago Union Stockyards.
The company continued its research efforts and in 1927 introduced cellulose casings for large sausage products.
In 1932 demand for Visking products was strong enough to warrant the building of a new plant in Chicago.
In 1941, to spur research efforts, as well as sales, Visking founded the Foods Science and Quality Institute to help the meat and poultry industry to produce new products and make better use of Visking products.
Selling Visking to Union Carbide in 1956
In 1956 the company, now a public corporation, recorded net sales of $57.7 million, while earning more than $5 million, or $2.36 per share, prompting a three-for-one stock split.
1957: Visking is sold to Union Carbide.
The corporation appealed, but finally in 1963 it was forced to sell the polyethylene film operations of Visking, including the Visqueen trademark, to Ethyl Corp.
1970: Envirodyne Industries is formed.
In December 1984 a Union Carbide pesticide plant in Bhopal, India, suffered one of the largest industrial accidents in history when a cloud of lethal gas escaped, killing 1,757 people and affecting some 300,000 others.
In February 1986 the worldwide business was sold to Chicago-based Envirodyne Industries, Inc. for approximately $230 million.
In his late 60s Kelly appeared to be retired, but in 1989 he mounted a $900 million leveraged buyout of Envirodyne with backing from Salomon Brothers.
In 1991 alone the company lost $31.8 million.
Envirodyne posted a net loss of $3.6 million in 1994.
After Kelly retired as CEO and chairman in 1996, Envirodyne fought off a takeover attempt by energy company Zapata Corp., which was shifting away from the oil and natural gas business.
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Viskase Companies competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Tootsie Roll Industries | 1896 | $723.2M | 2,000 | 6 |
| Shearer's Foods | 1974 | $420.0M | 500 | 108 |
| Post Holdings | 1895 | $5.0B | 11,410 | 410 |
| Tyson Foods | 1935 | $53.3B | 139,000 | 322 |
| Dairy Farmers of America | 1967 | $13.5B | 18,000 | 934 |
| Blue Bell Creameries | 1907 | $500.0M | 1,000 | - |
| Old HB Inc | 1930 | - | 21,000 | - |
| Berk-Tek | 2000 | $135.2M | 499 | - |
| Hilex Poly | - | $34.0M | 350 | - |
| Diamond Plastics | 1982 | $9.9M | 75 | - |
Viskase Companies history FAQs
Zippia gives an in-depth look into the details of Viskase Companies, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Viskase Companies. The employee data is based on information from people who have self-reported their past or current employments at Viskase Companies. 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 Viskase Companies. The data presented on this page does not represent the view of Viskase Companies and its employees or that of Zippia.
Viskase Companies may also be known as or be related to Viskase, Viskase Companies, Viskase Companies Inc, Viskase Companies, Inc and Viskase Companies, Inc.