 It was founded by Paul Pietzschke in 1889 in Hamburg, Germany, as a chemical and technology company.From the beginning, the Paul Pietzschke Company has produced and marketed a line of elastic sealants, coatings and lubricants for the commercial shipbuilding industry.In 1962 it developed the WKT Synthetic Sealing Compound, the first fully synthetic sealant for the yacht and shipbuilding industry.