The Racemics name comes from the organic chemistry term for equally mixed optical isomers that are also mirror images of each other. Much as a left hand and right hand are different, but one is the mirror image of the other. The club name reflects the chemistry background and equal representation of sales and purchasing professionals in the membership. The club was founded in 1952 in New York City (when most of the major chemical companies had headquarters located in the Northeast).

 The primary purpose of Racemics is to provide a personal and business networking organization among the membership. Monthly meetings are held throughout the business year. Open meetings held during the year include presentations by key chemical industry speakers and golf outings.
The "Open" meetings include member's invited guests who are typically co-workers, customers and suppliers. The club also sponsors annual scholarships to deserving local college students in a chemical industry or related curriculum.