Founded in 1975, KBK slowly grew to a regional manufacturer of fiberglass tanks. In 2006, one of the two founding partners wanted to retire, and the remaining owner wanted to continue on as CEO but wanted to reduce his equity in the business to diversify his holdings. Ashland and its investor partners purchased the majority of the equity allowing the one partner to retire and Bill to continue to lead the company. Bill continued to lead the company until 2012, when he was ready to step back from the role as CEO. Bill continues to serve as Chairman of the Board.
KBK has grown into a nationwide supplier of carbon steel, stainless steel and fiberglass tanks serving a diversified customer base. Ashland has continued to reinvest with equipment modernization, a new facility and into talent which has produced superior returns for shareholders and equity value appreciation.
