Here are a few of the key events in the history of Calgon Carbon Corp.:
1940 — Pittsburgh Coke & Iron Co. Inc., Calgon’s predecessor, pioneers the development of coal-based granular activated carbon for use in military protection masks as a substitute for coconut char, unavailable due to the military occupation of the Philippine Islands.
1955 — Calgon Corp. develops a system for the decolorization of sugar.
1962 — As a division of Calgon Corp., Calgon Carbon becomes the first company to install granular carbon for drinking water treatment.
1965 — Calgon Carbon goes worldwide by establishing an operating unit in Brussels, Belgium.
1968 — Merck and Co. acquires Calgon Corp., including Calgon Carbon.
1978 — Calgon Carbon forms Calgon Carbon Far East Co., a joint venture with Mitsui Chemicals Inc. and Mitsui & Co. Ltd., to serve customers in Japan, Korea and Taiwan.
1985 — Merck and Co. sells the Calgon Carbon Corp. division in a leveraged buyout to the company’s management team, led by Thomas McConomy.
1987 — Calgon Carbon completes its initial public offering of stock. The stock now trades on the New York Stock Exchange under the symbol CCC.
January 1997 — CFO R. Scott Keefer resigns to pursue other opportunities.
February 1998 — CEO Colin Bailey resigns.
April 1998 — Calgon Carbon seeks an acquisition or merger partner.
August 1998 — Calgon Carbon decides to remain independent, withdrawing its plan to be acquired or merge with another company.
April 1999 — Jim Cederna takes over as president and CEO of Calgon Carbon. Compiled by Ray Marano, ([email protected]) from information provided by the company and other sources.
