NL Industries, Inc., through its subsidiary, CompX International Inc. (CompX), operates in the component products industry. The company operates in the chemicals industry through its noncontrolling interest in Kronos Worldwide, Inc. (Kronos). Component Products Through its majority-owned subsidiary, CompX, the company manufactures engineered components that are sold to various industries, including recreational transportation (boats), postal, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations and vending equipment. Manufacturing, Operations and Products CompX’s Security Products business manufactures mechanical and electronic cabinet locks and other locking mechanisms used in various applications, including ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, vending and gaming machines, high security medical cabinetry, electronic circuit panels, storage compartments and gas station security. These products include disc tumbler locks, which provide moderate security and generally represent the lowest cost lock to produce; pin tumbler locking mechanisms, which are used in applications requiring higher levels of security, including KeSet and System 64 (which each allow the user to change the keying on a single lock 64 times without removing the lock from its enclosure) TuBar and Turbine, and its CompX eLock and Stealthlock electrical locks, which provide stand-alone or networked security and audit trail capability for drug storage and other valuables through the use of a proximity card, magnetic stripe or keypad credentials. CompX also has a standardized product line suitable for various customers, which is offered through a North American distribution network to locksmith and smaller original equipment manufacturer distributors via its STOCK LOCKS distribution program. CompX’s Marine Components business manufactures and distributes stainless steel exhaust components, gauges, throttle controls, trim tabs, hardware and accessories primarily for performance and ski/wakeboard boats. CompX’s specialty marine component products are precision components designed to operate within tight tolerances in the marine environment. These products include original equipment and aftermarket stainless steel exhaust headers, exhaust pipes, mufflers and other exhaust components; gauges, such as GPS speedometers and tachometers; mechanical and electronic controls and throttles; steering wheels and other billet aluminum accessories; and dash panels, LED lighting, wire harnesses and other accessories. Patents and Trademarks CompX holds various patents relating to component products, certain of which are important to CompX and its continuing business activity. Patents generally have a term of 20 years, and CompX’s patents have remaining terms ranging from less than 1 year to 17 years as of December 31, 2015. CompX’s major trademarks and brand names in addition to CompX include CompX Security Products, National Cabinet Lock, Fort Lock, Timberline Lock, Chicago Lock, STOCK LOCKS, KeSet, TuBar, StealthLock, ACE, ACE II, CompX eLock, Lockview, System64, SlamCAM, RegulatoR, CompXpress, GEM, CompX Marine, Custom Marine, Livorsi Marine, Livorsi II Marine, CMI Industrial, Custom Marine Stainless Exhaust, The #1 Choice in Performance Boating, Mega Rim, Race Rim, Vantage View, and GEN-X. Sales, Marketing and Distribution A majority of CompX’s component sales are sold directly to large OEM customers through the company's factory-based sales and marketing professionals supported by engineers working in concert with field salespeople and independent manufacturer’s representatives. In addition to sales to large OEM customers, a substantial portion of CompX’s security products sales are made through distributors. The company supports its locksmith distributor sales with a line of standardized products used by the businesses of the marketplace. Customers United States Postal Service and Harley Davidson accounted for approximately 13% and 12%, respectively, of total sales for the period ended December 31, 2015. Chemicals Kronos is a producer and marketer of tit
nl industries (NL:New York Consolidated)
Three Lincoln Centre
5430 LBJ Freeway
Dallas, TX 75240
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