Celotex
Celotex Corporationis a defunct American manufacturer of insulation and construction materials.[1][2]It was the subject of a number of high-profile lawsuits over products containingasbestosin the 1980s, eventually declaringChapter 11 bankruptcyin 1990.[3]
History
[edit]The company was founded in 1920 inChicago, Illinoisas a subsidiary of Philip Carey Corporation, to manufacture its namesake product Celotex insulation board, often called simplyCelotex.Celotex is a fiberboard made frombagasse(sugar cane waste after extraction of the juice), first produced in a factory inMarrero, Louisiana,outside ofNew Orleans.[4] In 1932, Celotex Corporation was spun off as an independent company. In 1961,Jim Walter Corporation,a homebuilding company, acquired Celotex, moving the headquarters toTampa, Floridain 1965.[5]
Celotex Asbestos Settlement Trust
[edit]A $1.2 billion settlement trust was established in 1998 to settle claims arising from asbestos-containing products manufactured by both Celotex and Philip Carey. Celotex emerged from Chapter 11 in 1996.[3] The wallboard business was sold toBPB plc,its roofing products business toCertainTeedin 2000, its fiberboard products division along with the Celotex brand to Knight Industries LLC in 2001,[2]and its rigid foam insulation division to theDow Chemical Companyin 2001.[6] Celotex moved again, toSaint Petersburg, Florida,in 2001.
In 2012,Saint-Gobainacquired the British manufacturing interests of Celotex.[7]
In 2017, a disastrous fire at theGrenfell Tower,Londonwas blamed on exteriorcladdingmanufactured by Celotex-Saint-Gobain.[8]
As of 2020, the brand name Celotex was owned by Saint-Gobain, which manufactures products under the Celotex brand. This includes products such as insulation boards and insulated plasterboards.[9]
See also
[edit]References
[edit]- ^Whitmer, Michelle."Celotex Corporation".asbestos.com.RetrievedDec 9,2020.
- ^abMount, Ian (Dec 30, 2009)."And 7 Businesses That Did Not Survive".The New York Times.The New York Yimes.RetrievedJun 10,2021.
- ^abFoster, Dave (ed.)."Celotex Corporation".mesothelioma.net.RetrievedJune 9,2021.
- ^Goldstein, Agathine H. (4 Jan 1935)."Celotex".Tensas Gazette.RetrievedJune 9,2021.
- ^"ftc_volume_decision_90_july_-_december_1977pages_669-769.pdf"(PDF).
- ^"Dow acquiring Celotex's rigid foam insulation business".Building Design+Construction.August 7, 2001.RetrievedJune 9,2021.
- ^"Compagnie St-Gobain (COD)".investegate.co.uk.Archived fromthe originalon June 9, 2021.RetrievedJune 9,2021.
- ^"Inquiry into London's deadly Grenfell fire begins asking who was to blame".Reuters.2020-01-27.Retrieved2022-07-12.
- ^"Buy Celotex Online".2020-10-02.Retrieved2022-10-02.
External links
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