Katy Industries, Inc. is the current ultimate holding company

Holding company

A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...

 of a group of undertakings whose operations are divided between two groups: maintenance products and electrical products. The main business of the former group is the manufacture and distribution of commercial cleaning products. It also sells consumer home and automotive storage products. The main business of the latter group is the design and distribution of consumer electrical corded products.

The company was organised as a Delaware

Delaware

Delaware is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. It is bordered to the south and west by Maryland, and to the north by Pennsylvania...

 corporation

Corporation

A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...

 in 1967 and some of its predecessor companies have been established (in 2006) for over 75 years.

A former chairman of the board of directors was the late Wallace E. Carroll, and Wallace E. Carroll, Jr and Daniel B. Carroll are current (in 2006) members of the board.