An infamous British asbestos company, Turner & Newall (T&N), was founded in 1871 in Rochdale, England. In 1879, it changed its name to Turner Brothers Asbestos Company to match the ingredient it had begun using asbestos in its cloth products around the same time.
It would later change back to Turner & Newall, though not because it omitted the toxic mineral from its products with any urgency. In fact, T&N used asbestos through at least the 1970s.
For roughly 100 years, T&N was a major player in the asbestos industry. Prior to World War I, the company opened an asbestos cement manufacturing plant which made tile asbestos cement sheets.
These sheets, Trafford tiles, were a very well-known T&N product. The company’s product range included asbestos felt, heat-resistant boards, spray asbestos products, insulation, yarn, and cement sheets.
T&N merged with Washington Chemical Company, Newall’s Insulation Company, and J.W. Roberts in 1920; it was listed on the London Stock Exchange the same year.
It was expanding further into the United States through mergers and acquisitions, and purchased Keasbey and Mattison Company, a manufacturer of asbestos containing construction products, in 1934.
T&N owned and operated Keasbey and Mattison Co. until it was bought by another asbestos industry giant, CertainTeed, in 1962.
T&N was purchased by American company Federal-Mogul in 1998. Federal-Mogul had been undergoing its own financial issues due to asbestos litigation at that time.
Because of the 1998 acquisition of T&N by Federal-Mogul, T&N was included as a sub-fund when Federal-Mogul filed for Chapter 11 bankruptcy on October 1, 2001. Another asbestos company, Flexitallic, was also included in this filing.
The Federal Mogul Asbestos Personal Injury Trust was established on December 27, 2007 to process liability claims on behalf of the companies. It began accepting T&N Sub-fund claims in August 2010. The current payment percentage for such claims is 5.9%.
In 2021, 14,768 T&N claims were settled with the Trust, according to its annual financial report.
The report also details that it paid $44,000,000 in claims in 2021, contributing to the $447,800,000 the Trust has paid since it was established. Today, the trust has about $550 million remaining in funds.
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