Albemarle Corporate History

1960s

1962 - Albemarle Paper Manufacturing Company borrows $200 million and purchases Ethyl Corporation (Delaware), a corporation 13 times its size, and Ethyl Corporation (Virginia) is formed. Floyd D. Gottwald becomes Chairman of the Board.

1964 - Ethyl S.A. is formed in Europe to serve expanding foreign markets.

1968 - Floyd D. Gottwald, Jr. becomes Chairman of Ethyl. Ethyl expands its plastics group by acquiring IMCO container company.

1969 - Certain Albemarle Paper assets are sold to a group of employees, who form James River Corporation. Bromine operations begin in Magnolia, Arkansas.