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New problems arose: a separate bottle of thinner was required, and the solvent used was known to contribute to ozone depletion. The company addressed these problems in July 1990 with the introduction of a reformulated "For Everything" correction fluid. The French corporation Société Bic acquired Wite-Out Products in 1992. [2]
The exact composition of correction fluid varies between manufacturers, but most fluids are composed of an opacifying agent, a solvent (or thinner) and an adulterant 'fragrance' to discourage abuse. The opacifying agent can be composed of a mixture of titanium dioxide, [ 2 ] latex, and other polymer resins.
In 1992, Bic purchased Wite-Out Products, an American brand of correction products, and subsequently reintroduced the correction fluid as Bic Wite Out. [17] In 2000, the Marne-la-Vallée factory opened. Two years later, the company launched BIC Sport kayaks, and the BIC Comfort 3 & BIC Soleil razors were both released soon after.
Tipp-Ex correction fluid is a white liquid. It is used for painting over mistakes in a piece of writing. A brush (which was later replaced by a foam applicator) is attached to the cap, so when the bottle is closed, the brush is immersed in the fluid. When unscrewed, the brush is covered in liquid Tipp-Ex which is then painted over the mistake ...
Last year, net sales rose 9% (stripping out the impact of currency fluctuations) to hit 2.26 billion euros ($2.5 billion at current rates). ... Bic mentions sustainability in its annual reports ...
Graham offered her correction fluid to IBM, which declined the offer (the company announced its own Correcting Selectric with an integrated lift-off tape in 1973). By 1968, the product – now renamed Liquid Paper – was profitable, and in 1979 the company was sold to the Gillette Corporation for $47.5 million with royalties.