The Commercial-News, Danville, IL

Local News

February 11, 2014

Vermilion Advantage names 3 inductees to this year's class

Business Hall of Fame ceremonies set for March

DANVILLE — Three successful businessmen will be inducted into the Vermilion County Business Hall of Fame.

For 2014, Julius W. Hegeler II, Fred Faulstich and Dick Read will be inducted into the Vermilion County Business Hall of Fame during March ceremonies for family and friends.

According to a press release issued by Vermilion Advantage on Monday, Julius W. Hegeler II was chosen by the selection panel for his business acumen, partnering with his brother and three others to found Peterson Filling and Packaging, which later became known as Peterson/ Puritan, the world’s largest contract packager of chemical specialties.

A distinguished pilot in the Korean War, Hegeler formed his foundation in 1992 to contribute to 501-C-3 organizations that are philanthropic, research and educational in nature. The foundation has been recognized widely for its generosity to the Vermilion County community, including an award in 2011 honoring the Julius W. Hegeler II Foundation as an Outstanding Philanthropic Foundation by the East Central Illinois Association of Fundraising Professionals.

While retired from the business world, Hegeler remains the daily hands-on director of the foundation.

Fred Faulstich was born into the printing business founded by his father 82 years ago. Fred and his brother, Bill, have successfully continued the business in spite of technology and Internet challenges facing the printing industry across the country. The Faulstich family has truly learned how to turn lemons into lemonade.

Still working in the business full time, Faulstich is known throughout the community for his energy and enthusiasm for the Vermilion County community and his willingness to volunteer. Whether he is making chili for the Lions Club, serving on boards, chairing the United Way campaign, or working with other volunteers to raise $10 million for Danville Area Community College scholarships, Faulstich is always willing to give to his community.

Dick Read just sells cars, as he always explains when he introduces himself; he owns Crown Ford and Star Chrysler dealerships in Hoopeston, but he learned early on how to give back to the community where he lives. Continuing the car business his father began, Read sells cars and he races cars with great enthusiasm.

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