WD-40 enrolls armed security to move its ‘secret formula’ after 65 years

Posted By Staff

Date: September 18th, 2018

Category: Nutty News

wdThe secret formula for American household staple WD-40 has a new home after 65 years thanks to the help of Brink’s, a global leader in security-related services.

“We are 65-years-old going strong,” said the company’s chief executive, Garry Ridge, to FOX Business’ Stuart Varney on Thursday. “We just moved out our secret formula yesterday to a new bank vault.”

WD-40, which stands for water displacement, 40th formula, was made in 1953 by chemists who were attempting to create a product to protect the Atlas missile from rust and corrosion.

According to Ridge, one of the things that makes the company special is being a publicly traded company on the Nasdaq for more than two decades. He attributes the company’s success to its people.

“I think our job is to create value for our shareholders through having an engaged workforce,” he said, “And if you had invested in WD-40 20 years ago, you would have had a compounded annual growth rate of total shareholder return of 50 percent over 20 years, of 20 percent over the last 10 years and 27 percent over the last five years.”

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