Even Considering Their Products, They're too Straightforward
For Us to Mention, 'Slick'
Dallas-based Corrosion
Technologies Corporation (CTC) just announced that, through a
transfer of stock ownership, company founder James F. Van Gilder
has become chairman of the Board of Directors, while Michael L.
Tuite has taken over management of the company as president and
chief executive officer.
Started by Van Gilder in 1993, ANN Sponsor CTC manufactures and
sells the CorrosionX line of anti-corrosion, lubricant and
penetrant products, as well as RejeX, a polymer-based treatment for
vehicles that rejects virtually all forms of dirt and grime.
"In ten years," commented Tuite,
"Jim Van Gilder (right) has accomplished what few people
could. He has taken a company and a product line from start-up to
leadership in its markets. I couldn't be more pleased that Jim will
be continuing his association with CTC for some time to come."
Before starting CTC, Van Gilder spent more than 20 years in
aviation publishing with FLYING magazine. Civil and
military aviation were the firms first markets. Through its
world-wide network of distributors, CTC now also serves customers
in the motor vehicle, marine, firearms, commercial and recreational
fishing, construction and industrial markets.
"I can't think of anyone better suited to taking over
Corrosion Technologies than Mike Tuite," Van Gilder said. "He knows
General Aviation and our other markets inside-out; he has a great
track record in advertising and marketing; he has general
management experience; and -- most important -- he has passion for
the business. An important consideration in selling the business
was finding a buyer who would keep it in tact, with no negatives
for employees, customers or vendors. I have every confidence that
Mike Tuite is the individual to do that."
Before joining CTC early in 2002, Tuite was senior vice
president with Howard Schultz & Associates, a Dallas-based
financial services firm. Earlier in his career, he held positions
as senior advertising executive with Rockwell International, B.F.
Goodrich and Campbell-Ewald Advertising in Detroit.
With 140 distributors and 217
aircraft treatment centers around the world, Corrosion Technologies
Corporation manufactures and sells CorrosionX, CorrosionX Aviation,
CorrosionX FOR GUNS, ReelX and SpeedX. The products use a unique
"Fluid Thin Film Coating" technology to prevent rust and corrosion
or stop the process where it already exists. Additionally,
they are extremely effective lubricants and penetrants. CTC also
manufactures RejeX, a long-lasting, polymer-based soil
barrier that makes polished metal and painted surfaces impervious
to dirt, grime and stains. The company is in its third consecutive
year of sales and profitability growth exceeding 20% per year.