Chesebrough Manufacturing Company was an oil business, founded in 1859, which produced
petroleum jelly
Petroleum jelly, petrolatum, white petrolatum, soft paraffin, or multi-hydrocarbon, CAS number 8009-03-8, is a semi-solid mixture of hydrocarbons (with carbon numbers mainly higher than 25), originally promoted as a topical ointment for its h ...
or
Vaseline
Vaseline ()Also pronounced with the main stress on the last syllable . is an American brand of petroleum jelly-based products owned by transnational company Unilever. Products include plain petroleum jelly and a selection of skin creams, soa ...
,
[ which was marketed with the brand name Luxor. Robert Augustus Chesebrough, a chemist who started the company, was interested in marketing oil products for medicinal use. He produced the first petroleum jelly by refining so-called rod wax, a paraffin-like substance that formed on oil drilling rigs, using heat and filtration. He named the substance "Vaseline", from the ]German
German(s) may refer to:
* Germany (of or related to)
**Germania (historical use)
* Germans, citizens of Germany, people of German ancestry, or native speakers of the German language
** For citizens of Germany, see also German nationality law
**Ger ...
word for water (''Wasser'') and the Greek
Greek may refer to:
Greece
Anything of, from, or related to Greece, a country in Southern Europe:
*Greeks, an ethnic group.
*Greek language, a branch of the Indo-European language family.
**Proto-Greek language, the assumed last common ancestor ...
word for oil (''olion''). Vaseline was patented in the United States in 1872 and England
England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe ...
in 1877.
Company history
In 1870, Robert Chesebrough began selling a product derived from petroleum residue, Vaseline Petroleum Jelly. Chesebrough's first manufacturing plant for vaseline was in Perth Amboy, New Jersey
Perth Amboy is a city (New Jersey), city in Middlesex County, New Jersey, Middlesex County, New Jersey. Perth Amboy is part of the New York metropolitan area. As of the 2020 United States census, 2020 U.S. census, the city's population was 55,4 ...
. In 1881, Chesebrough Manufacturing began operating under Standard Oil
Standard Oil Company, Inc., was an American oil production, transportation, refining, and marketing company that operated from 1870 to 1911. At its height, Standard Oil was the largest petroleum company in the world, and its success made its co- ...
. With the breakup of Standard Oil in 1911, it regained independence. Additional production sites were built in Pittsburgh
Pittsburgh ( ) is a city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County, Pennsylvania, Allegheny County. It is the most populous city in both Allegheny County and Wester ...
, Pennsylvania
Pennsylvania (; (Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, Ma ...
, and in 1924, London, England
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major s ...
.
Chesebrough Manufacturing Company distributed its product throughout the United States and Britain during the early and mid-20th century.[ Its UK office was at 42 ]Holborn Viaduct
Holborn Viaduct is a road bridge in London and the name of the street which crosses it (which forms part of the A40 route). It links Holborn, via Holborn Circus, with Newgate Street, in the City of London financial district, passing over ...
.
It was listed on the New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...
and grouped with other oil-related stocks such as Standard Oil and its subsidiaries, and Continental Oil.
The company had a productive record of earnings and dividend disbursements, even after the onset of the Great Depression. Earnings increased from $8.36 per share in 1925 to $13.22 during 1929.
As of December 31, 1940, the Chesebrough Manufacturing Company had total assets of $4,267,940 and liabilities of $603,643.[ In 1940, damage to its London plant from a ]World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...
air raid totaled $50,000.
Chesebrough and Pond's
Pond's is an American brand of beauty and health care products, currently owned by Unilever.
History
Pond's Cream was invented in the United States as a patent medicine by pharmacist Theron T. Pond (1800–1852) of Utica, New York, in 1846. Mr ...
merged in June 1955 and, in 1987, Chesebrough-Ponds was acquired by the Anglo-Dutch company Unilever
Unilever plc is a British multinational consumer goods company with headquarters in London, England. Unilever products include food, condiments, bottled water, baby food, soft drink, ice cream, instant coffee, cleaning agents, energy ...
.
References
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Chesebrough Manufacturing Company
Cheesebrough Manufacturing Company
Chesebrough Manufacturing Company
Defunct companies based in New Jersey
Unilever companies
1859 establishments in New Jersey
Energy companies established in 1859
Manufacturing companies established in 1859