NL Industries
| Public limited company | |
| Traded as | NYSE MKT: CIX |
| Industry | Security & Protection Services |
| Founded | August 4, 1993 |
| Headquarters | Dallas, Texas |
|
Area served
|
the United States |
|
Key people
|
David Bowers (CEO) |
| Services | Security Products, Furniture Components and Marine Components |
 US$ 83.2 million (2012) |
|
|
US$ 35.0 million (2012) |
|
| Total assets |
US$ 150.2 million (2012) |
| Total equity |
US$ 102.1 million (2012) |
|
Number of employees
|
466 (2013) |
| Website | www |
NL Industries (: NL), formerly known as the National Lead Company, is a lead smelting company currently based in Houston, Texas. National Lead was one of the 12 original stocks included in the Dow Jones Industrial Average at the time of its creation on May 26, 1896.
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.
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."
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 on the manufacturing of lead housepaint went into effect.
CompX International Inc. is one of the largest manufacturers of security products and recreational marine components in the world. Located in Dallas, Texas, CompX International Inc. is also a subsidiary of NL Industries, Inc. The business of the company is divided into three segments: Security Products, Furniture Components and Marine Components. Their products are designed to meet the high-end applications. CompX International Inc. offers its products through original equipment manufacturers and distributors.
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Wikipedia