Polyguard Products, Inc., of Ennis, TX, acquired the assets of DeNOVUS LLC in 2010 from Orscheln Industries, of Moberly, MO. DeNOVUS LLC consists of several technology-based startups which sell anticorrosion and sealant products primarily to marine, oilfield, pipeline, highway, and industrial insulation markets. Polyguard Products has been the exclusive distributor for several years of DeNOVUS’ largest selling anti-corrosion product, a gel-like material called RG2400™ which has been nicknamed by Big Oil users as “Blue Goo”™. The environmentally benign Blue Goo™ products are gaining rapid acceptance for corrosion problems such as corrosion under insulation (CUI), downhole drill casings, naval shipboard, bridge structures, and a variety of other industrial applications.
Polyguard was founded in 1953 in Oklahoma by Robert Nee and Frank McNulty. Polyguard moved to Ennis, Texas in 1978. John (current CEO) and Kathy Muncaster purchased Polyguard in 1986. In 1987, John and Kathy decided to allow the employees to directly benefit from their hard work by offering all the employees an opportunity to be part of an Employee Stock Ownership Plan (ESOP). In December 2014, the company became 100% ESOP owned. Polyguard’s unique employee ownership program allows its employee-owners an opportunity to participate in a no-cost retirement plan that is based on the success of the company.
Polyguard Products is proud to be 100% employee-owned, but what does that mean to the people and communities that do business with us? It means that any time you place an order, have a question, need technical support, or anything else an owner is at your disposal.
To read the entire press release visit http://www.polyguardproducts.com/news/pressrelease12-07.htm