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The company was established in 1904 as the General Roofing Manufacturing Company by George M. Brown in East St. Louis, Illinois, with $25,000 in start-up capital. In 1917, the company restructured, incorporated, and changed its name to the Certain-teed Products Corporation. It began trading on the New York Stock Exchange in 1918. [1]
In 1934, the Keasbey and Mattison Company was sold to English company Turner & Newall, but retained its own name. [14] [1] T&N operated the plant until 1962, [15] and had "100 percent control over decision making on policy matters". [16] In 1962, the property was purchased by CertainTeed Corporation and Nicolet Industries and divided in two ...
Turner & Newall operated the factory until it closed in 1962, then sold the property to CertainTeed Corporation and Nicolet Industries. [26] By 1973, the Environmental Protection Agency (EPA), began to restrict the use of asbestos, stopping the sale of insulation spray in 1973, and of solid asbestos insulation in 1975. [21]
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Corporate real estate is the real property held or used by a business enterprise or organization for its own operational purposes. A corporate real estate portfolio typically includes a corporate headquarters and a number of branch offices, and perhaps also various manufacturing and retail sites. [1]
The BoRit Asbestos Superfund site is a 32-acre (13 ha) waste dump and reservoir in Ambler, Upper Dublin Township and Whitpain Township, Pennsylvania that was contaminated with 1.5 million cubic yards (1.1 × 10 ^ 6 m 3) of asbestos containing material due to the waste disposal practices of the Keasbey and Mattison (K&M) Company and Turner and Newall from 1897 to 1962.
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The new company combined the operations of 37 mining and calcining plants producing agricultural and construction plaster. [12] Directors of the new firm selected B.W. McCausland of Michigan for its first president; in 1905, he was succeeded by his previous Alabaster Company business partner's son, Sewell Avery, who served in the role for 35 years.