July 28, 2016 1:18 PM ET

Chemicals

Company Overview of Freedom Industries, Inc.

Company Overview

Freedom Industries, Inc. engages in the production of specialty chemicals for mining, steel, and cement industries in the United States. It offers freeze conditioning agents, dust control palliatives, promoters, collectors, flotation reagents, water treatment polymers, commodities, and other specialty chemicals. The company was founded in 1986 and is based in Charleston, West Virginia with satellite operations in Pittsburgh, Pennsylvania; Owensboro, Kentucky; Chicago, Illinois; St. Louis, Missouri; and Grand Junction, Colorado.

1015 Barlow Drive

Charleston, WV 25311

United States

Founded in 1986

Phone:

304-345-0967

Fax:

304-343-0028

Key Executives for Freedom Industries, Inc.

Controller
Compensation as of Fiscal Year 2016.

Freedom Industries, Inc. Key Developments

Freedom Industries Announces Fine on Pollution Charges

Freedom Industries announced that the company was fined $900,000 on pollution charges with a judge noting that Freedom Industries likely could never pay it. Johnston said there were millions more in claims against the company than the listed assets of $2 million to $2.5 million. He said the fine would be collected only if those other claims are processed in full. The January 2014 spill of a coal-cleaning agent into the Elk River got into a water company's intake and prompted a tap-water ban in nine counties for up to 10 days. Freedom filed for bankruptcy eight days after the spill. Last October, a federal bankruptcy judge approved a liquidation plan for the company that will distribute more than $2 million to residents and businesses affected by the spill. The plan also provides $1.4 million to the West Virginia Department of Environmental Protection and environmental firms for continued cleanup work. Freedom's parent, Chemstream Holdings, is adding $1.1 million for the cleanup under an agreement with the agency.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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