What became of Stauffer Chemical Co.?

Question

I have a Stauffer stock certificate; can I exchange it for whoever bought Stauffer?

Answer 1

Following is some history. It looks as though you'll need to trace through the ownership changes.

Many companies profited from the dismemberment of Stauffer Chemical, especially European-based chemical producers that saw the U.S. as an attractive, low-cost environment in which to conduct business.

The dismemberment of Stauffer had its beginning in 1985 when Chesebrough-Pond's, a diversified manufacturer of consumer goods-including cosmetics, clothing, and sporting equipment-acquired Stauffer. The chemical maker had suffered from declining profits because of weakness in its fabricated plastic products business and in agricultural chemicals.

While Chesebrough-Pond's hoped to eliminate itself as a takeover target with the purchase of Stauffer, it did not scare off Unilever, an Anglo/Dutch conglomerate. Unilever bought Chesebrough-Pond's in a $3.1 billion deal completed early in 1987. However, Unilever was not interested in the Stauffer Chemical businesses and sold those to ICI for $1.7 billion by mid-1987. Since its purchase of Atlas Powder in 1971, ICI had built a large base of chemical operations in the U.S.

But ICI was only interested in retaining Stauffer's agricultural chemicals businesses, which boosted ICI to the fifth largest U.S. agricultural chemical producer from 20th place. ICI had sold much of its bulk chemical interest to Cain's group a few years earlier and did not want Stauffer's. By September 1987, ICI had a deal to sell Stauffer's basic chemicals segment to France's Rhône-Poulenc for $522 million. ICI was not interested in the specialty chemical operations either. It sold them a few months earlier to the Dutch chemical maker Akzo (now Akzo-Nobel, following its 1994 merger with Sweden's Nobel industries) for $625 million.

Answer 2

Stauffer Chemical

Answer 3

This Site Might Help You.

RE:
What became of Stauffer Chemical Co.?
I have a Stauffer stock certificate; can I exchange it for whoever bought Stauffer?

Answer 4

Stauffer Chemical Company was taken over by Stauffer Management Co, now a division of chemical giant AstraZenica. The 130 acre Tarpon Springs site has been remediated as of 2011 and is vacant but ready for commercial or industrial use. A sizable portion is mounded with contaminated soil and capped. The remainder is considered usable but not for residential dwellings. The cleanup cost Stauffer Mgmt some $21,000,000 and the site still requires several million dollars of site preparation for it to be usable again. Stauffer has many more sites like it in the US that are going through the same process, including a second site in Tampa, and others in Maryland, Tennessee and Delaware, etc. info and photos... http://www.tampabay.com/news/environment/stauffer-superfund-site-near-tarpon-springs-cleaned-up-for-new-use/1162790

Answer 5

Stauffer was acquired by Chesebrough Ponds in 1985. Not sure if you missed a tender offer at that time, that you still have valid stock certificates.

Answer 6

Stauffer has been sold several times. My most recent info is that Rhone-Poulenc is the present owner
However, I find no U.S. address for Rhone. I believe it is a French firm. FLASH - Newer information - Rhone-Pelounc was taken private by a private African Company. If so, you are a minority holder. If there is no "open" market for the shares, you may want/have to, sell the shares to that company. Its name ???

Answer 7

What ever happened was too long ago for me to locate. I don't know if they went through a corporate action or reorganization or what. You can call them at 502-448-2640 to find out.

Answer 8

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Answer 9

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