National Gypsum’s Asbestos History
Established in 1925, National Gypsum, also recognized as National Gypsum Company or NGC, played a pivotal role in the construction sector. Initially focusing on gypsum wallboard, the company’s innovation set a new standard in building materials, highlighted by its flagship product “Gold Bond.” Over time, NGC expanded its horizons through strategic acquisitions, solidifying its position as a major industry player.
National Gypsum’s Asbestos Product Range
During the 1920s to 1970s, National Gypsum ventured into asbestos-based products, capitalizing on the mineral’s fire-resistant and durable properties. Notable offerings included Gold Bond Gypsum Board, Sprayolite, and ProForm Drywall Finishing Products, showcasing NGC’s commitment to quality and innovation amidst the prevalent use of asbestos.
National Gypsum’s Impact on Occupational Asbestos Exposure
As NGC’s product line expanded, so did the risk of asbestos exposure, particularly during World War II when NGC supplied crucial materials for military endeavors. Workers across various industries faced heightened risks as asbestos-containing materials were disturbed, releasing harmful fibers into the air. This occupational hazard exposed individuals to diseases like malignant mesothelioma, highlighting the widespread nature of NGC’s asbestos products.
Occupations Affected by National Gypsum’s Asbestos Use
A diverse array of occupations fell prey to NGC’s asbestos products, including acoustical workers, construction laborers, and drywall installers. The prevalence of NGC’s materials across different industries underscored the extensive consequences of asbestos exposure.
Legal Struggles Faced by National Gypsum
The 1960s marked a period of financial turmoil for NGC, culminating in legal disputes and settlements related to pricing practices and asbestos-containing products. High-profile cases, such as settlements with educational institutions, underscored the company’s legal predicaments. By the early 1990s, a surge in asbestos-related lawsuits confronted NGC, prompting bankruptcy filings and the establishment of an asbestos trust fund to address mounting liabilities.
The NGC Bodily Injury Trust
NGC’s Chapter 11 bankruptcy filing in 1990 paved the way for the creation of the NGC Bodily Injury Trust in 2000. Designed to compensate asbestos victims, the trust’s implementation ensured equitable distribution of financial aid. With a current payment percentage of 45%, the trust remains a crucial avenue for victims seeking redress for asbestos-related illnesses stemming from NGC’s products.