It was founded in 1958 after a verbal agreement between Rocket Chemical (the predecessor of the WD-40 Company) and Charles J. Webb II to distribute WD-40 fell apart; Webb set up a company in Philadelphia to directly compete with Rocket and Norman Larsen, then the president of Rocket, left to lead it. CRC was originally called Corrosion Reaction Consultants, Inc. and in 1960 employed 2 chemists and five staff, along with Larsen. Its first product was CRC Corrosion Inhibitor, also called 5–56.
CRC is headquartered in Warminster, Pennsylvania, and markets products through subsidiaries in the United States, Australia, Germany, Belgium, United Kingdom and New Zealand.
Their facilities in Warminster include a private railroad spur, served by the New Hope and Ivyland Railroad. Traffic on the spur constitutes a sizable portion of the railroad's freight traffic; CRC Industries is their largest freight customer.