History of Houghton International By El Duque Sep 16, 1865 Cosmoline developed for lubrication and rust prevention Sep 16, 1865 Colonel Drake discovers oil in Titusville, PA Sep 16, 1874 Houghton earns coveted Benjamin Franklin Award Jan 15, 1915 Houghton patents first cutting oil concentrate Jun 30, 1934 Houghton becomes a national entity Sep 16, 1950 Houghto-Safe Hydraulic Fliuds Introduction Sep 16, 1997 Launch of Hocut 795 Biostable Coolant Dec 20, 2007 AEA Investors purchases Houghton Sep 8, 2008 Houghton purchases DA Stuart