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NL Industries

NL Industries
Leadership team

Ms. Courtney J. Riley (Pres, CEO & Director)

Ms. Amy Allbach Samford (Sr. VP & CFO)

Mr. John R. Powers III (VP & Gen. Counsel)

Products/ Services
Chemical, Manufacturing, Marketing, Sales
Number of Employees
1,000 - 20,000
Headquarters
Dallas, Texas, United States
Established
1891
Company Registration
SEC CIK number: 0000072162
Net Income
20M - 100M
Revenue
100M - 500M
Traded as
NYSE:NL
Overview
Location
Summary
NL Industries, Inc., through its subsidiary, CompX International Inc., operates in the component products industry in the United States and internationally. The company manufactures and sells mechanical and electronic cabinet locks, and other locking mechanisms, including disc tumbler locks, pin tumbler locking mechanisms, and CompX eLock and StealthLock electronic locks for use in various applications, such as ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, integrated inventory and access control secured narcotics boxes, vending and cash containment machines, medical cabinetry, electronic circuit panels, storage compartments, and gas station security. It also offers original equipment and aftermarket stainless steel exhaust headers, exhaust pipes, mufflers, and other exhaust components; gauges, such as GPS speedometers and tachometers; mechanical and electronic controls and throttles; wake enhancement devices, trim tabs, steering wheels, and other billet aluminum accessories; grab handles, pin cleats, and other accessories; and dash panels, LED indicators, wire harnesses, and other accessories primarily for performance and ski/wakeboard boats. In addition, the company offers insurance brokerage and risk management services. It sells its component products directly to original equipment manufacturers, as well as through distributors. NL Industries, Inc. was founded in 1891 and is based in Dallas, Texas. NL Industries, Inc. is a subsidiary of Valhi, Inc.
History

It began business in Philadelphia in 1772. The name "National Lead Company" was used since 1891 after a series of mergers. National Lead changed its name to NL Industries in 1971.

California lead paint liability case

NL Industries has encountered legal problems based on their long history of selling lead paint. Exposure to lead paint can cause numerous health and developmental problems in children and adults, and its use has been banned or restricted in many countries.

In January 2014, the Santa Clara County Superior Court ruled that NL Industries, along with Sherwin-Williams and ConAgra were jointly and severally liable for $1.15 billion, to be paid into a lead paint abatement fund to be used to remove lead paint from older housing. The judge ruled that the paint companies manufactured, marketed, and sold lead paint without disclosing the health risks to the consumers in spite of "actual and constructive knowledge that it was harmful."

The disposition of The People v. ConAgra Grocery Products Company et al. in the California 6th Appellate District Court on November 14, 2017, is that ... the judgment is reversed, and the matter is remanded to the trial court with directions to recalculate the amount of the abatement fund to limit it to the amount necessary to cover the cost of remediating pre-1951 homes, and hold an evidentiary hearing regarding the appointment of a suitable receiver. The Plaintiff shall recover its costs on appeal.

On February 14, 2018, the California Supreme Court denied the defendants' request for review, sending the case back to the trial court as ordered by the Appellate Court.NL Industries settled its part of the suit in May, 2018 with a payment of $60 million and a pledge to stop supporting the ConAgra & Sherwin-Williams backed ballot measure proposed for the November, 2018 ballot

National Lead and Dutch Boy Paints

In 1907, National Lead entered the consumer market for titanium paints, creating a product line under the name "Dutch Boy". Dutch Boy paints competed with other brands that contained mineral products supplied by National Lead. The "Dutch Boy Painter", which was created by Lawrence Carmichael Earle, became National Lead's symbol for many years.

NL Industries sold off the Dutch Boy brand in 1980 to Sherwin-Williams, two years after the CPSC's directive banning the manufacturing of lead housepaint went into effect.

Mission
Our mission is to create lasting value for our shareholders through successful investment strategies and a commitment to perform in a way that sets us apart from other companies.
Vision
Our vision is to be a leader in the energy, chemical and related industries, creating long-term value for our stakeholders through strategic investments, sound management, and innovation.
Key Team

Mr. Andrew B. Nace (Exec. VP)

Mr. Michael S. Simmons (Exec. VP & Vice Chairman)

Mr. Bryan A. Hanley (Sr. VP & Treasurer)

Ms. Amy E. Ruf (VP & Controller)

Ms. Jane R. Grimm (Company Sec.)

Recognition and Awards
NL Industries has been recognized for its outstanding corporate citizenship and has been named one of the most ethical companies in the world by Forbes Magazine. NL Industries has also been recognized for its commitment to environmental stewardship and has received several awards, including the U.S. Environmental Protection Agencies' WasteWise National Award, the Corporate Achievement Award from the Association of Environmental Professionals, and the Princeton Project Award.
References

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NL Industries
Leadership team

Ms. Courtney J. Riley (Pres, CEO & Director)

Ms. Amy Allbach Samford (Sr. VP & CFO)

Mr. John R. Powers III (VP & Gen. Counsel)

Products/ Services
Chemical, Manufacturing, Marketing, Sales
Number of Employees
1,000 - 20,000
Headquarters
Dallas, Texas, United States
Established
1891
Company Registration
SEC CIK number: 0000072162
Net Income
20M - 100M
Revenue
100M - 500M
Traded as
NYSE:NL