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TTREX CO INC

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TREX CO INC

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    • 1988
    • 1992
    • 1994
    • 1996
    • 1999
    • 2004
    • 2009
    • 2012
    • 2015
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    • 2020
    • 2021
    • 2022
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Company history

In 1988, Roger Wittenberg combined sawdust and plastic bags to create a park bench. In 1996, Mobil Chemical Co. acquired Wittenberg's technology and formed Trex, LLC. Trex is widely considered to be one of the inventors of composite decking made from recyclable materials. The idea for a process and product created to maximize the use of materials that would otherwise wind up in landfills is credited to inventors Kjell-Ake Gustafsson, of Binghamton, New York; John J. Muller, of Winchester, Virginia; and Roger A. Wittenberg of Newton, Pennsylvania. The first patent for a "Method of Producing a Wood-Thermoplastic Composite Material" was filed as U.S. Patent number 5746958 in March 1995 and granted in May 1998.

1988

The concept of a wood-plastic composite material called Revenite is invented by Roger Wittenberg.

1992

Wittenberg’s technology is acquired by Mobil Chemical Company for $10 million to create Mobil’s Composite Products Division with Wittenberg at the helm.

Rivenite is renamed Timbrex.

1994

Timbrex is renamed Trex.

1996

Four Mobil executives, including Wittenberg, complete a leveraged buyout of the decking assets to form Trex Company, LLC.

1999

Trex Company acquires Trex Company, LLC on April 7 and one week later completes its IPO trading under the symbol TWP on the New York Stock Exchange (NYSE).

2004

Trex forges an unprecedented agreement to sell products through The Home Depot.

2009

Trex joins the U.S. Green Building Council.

2012

Trex begins shipping products internationally to distributors across Europe, Australia, Asia and the Middle East.

2015

Trex begins producing recycled polyethylene pellets for the commercial plastics market.

2017

Trex recycled pellets achieve ICC certification.

Trex acquires Minneapolis-based SC Company, including Staging Concepts and SC Railing, to form Trex Commercial Products.

2020

Trex publishes first Sustainability Report.

2021

Trex revenue exceeds $1 billion.

2022

Trex sells Trex Commercial Products, Inc., to Minnesota-based Sightline Commercial Solutions, LLC.

Source: Wikipedia
  • Overview
  • Financial statements
  • Metrics
  • Quarterly earnings
  • Similar companies
  • History
    • 1988
    • 1992
    • 1994
    • 1996
    • 1999
    • 2004
    • 2009
    • 2012
    • 2015
    • 2017
    • 2020
    • 2021
    • 2022
  • Insider Transactions