In 1955, a company in Cincinnati, Ohio named Permanent
Pigments that had been milling oil colors since 1933 and run
by a man named Henry Levison launched a new product. This new
artists' color was formulated with an acrylic polymer resin
that was emulsified with water. The new color could go from
thick to thin and everywhere in between; it would adhere to
anything - from canvas to paper to metal to wood to plastic-
and it dried quickly for easy re-working, layering, and
masking. Most important, it could be thinned and cleaned up
with water.
Levison tried to come up with a name that captured the
essence of the medium and the fact that it could go from
fluid liquidity to heavy texture and everyplace else in
between. The color was called liquid texture. Or
Liquitex