Founded in 1979 by the Hunt family (who also founded Industrial Asphalt), the company refined its first barrel of oil in August of 1979 in Wilmington. It grew with the booming California economy of the 1980s, adding the Benicia plant in northern California in 1982.
The Hunts retired in 1987, selling their refining capacity to a management team led by Forster, backed by First Chicago Venture Capital. Huntway Refining Company was born under the banner of Huntway Partners, L.P. Business kept pushing the company upward and in November 1988, became a public company, traded on the New York Stock Exchange under the symbol HWY. The IPO traded at $11.50 per share and went up from there, paying a 17 percent dividend its first year of issue.
Certificate Details:
Depositary Receipt, issued in the 1990’s
Printed by the American Bank Note Company
8” (h) x 12” (w)
This certificate has vertical fold lines, punch hole and pen cancels in signature areas and body, some toning from age.
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