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USG was the eighth company in an 18-month period that was forced to utilize Chapter 11 to resolve asbestos claims. In the prior two decades, 27 companies filed for protection under Chapter 11 because of asbestos litigation.
Owens-Corning Fiberglas Company was formed in 1935 through the merger of Owens-Illinois and Corning Glass Works. [8] [9] It became a separate company in 1938 with its headquarters established in Toledo, Ohio. [6] [10] In 1938, the company sales reached $2.6 million. [11] The company held its initial public offering on the New York Stock ...
GFS Chemicals Inc, formerly known as G. Frederick Smith Chemical Company, [1] is a privately owned fine and specialty chemical company with headquarters in Powell, Ohio and manufacturing facilities in Columbus, Ohio. It was founded by G. Frederick Smith in Urbana, Illinois in 1924, and moved to Columbus, Ohio in 1928. [1] [2] [3]
While in 1976 there were roughly 100 cellulose insulation firms with 125 plants in the US, by 1978 there were more than 350 firms with more than 500 plants 1. Cellulose insulation was produced locally by small manufacturers who purchased ready-to-operate machines and offered a cheap and easy low-tech production process.
The brothers Scott have also branched out with the Healthy Home Innovation Fund, which is about to put money to work in early 2025 in tech companies that innovate in the residential sector.
Armstrong Cork had done insulation contracting since the early 20th century, originally focusing on cork products. Gradually, greater emphasis was placed on high-temperature insulation. In 1969, this business was sold in a leveraged buyout to 31 existing and retired employees of the contracting company, which became Irex Corporation.
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