Witco Chemical Co., Inc. - $1,000 Bond - Affiliated with the Crompton Corporation
Inv# GB5652 Bond
Crompton Corporation (NYSE: CK, formerly Crompton and Knowles) was a chemical research, production, sales and distribution company headquartered in Middlebury, Connecticut. The company produced specialty chemicals used for polymers, fire suppressants and retardants, pool and spa water purification systems and various other applications. In 2005, Crompton merged with Great Lakes Chemical Corporation to become Chemtura.
Crompton Corporation traced its origins to 1837 when founder William Crompton invented a loom for weaving patterns in cotton, an innovation that led in the 1840s to the founding of Crompton Loom Works in Worcester, Massachusetts by his son George Crompton. The company merged in 1879 with rival Knowles Brothers to form the Crompton & Knowles Loom Works. In 1999, Crompton & Knowles merged with Witco Corporation to form Crompton Corporation. In 2005, Crompton merged with Great Lakes Chemical Corporation of West Lafayette, Indiana, to form Chemtura, headquartered in Philadelphia. Crompton's ticker symbol on the New York Stock Exchange was CK.
Chemtura Corporation was the successor to Crompton & Knowles Corporation, which was incorporated in Massachusetts in 1900 and engaged in the manufacture and sale of specialty chemicals beginning in 1954. Crompton & Knowles traces its roots to Crompton Loom Works incorporated in the 1840s. Read more at https://en.wikipedia.org/wiki/Crompton_Corporation
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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