Amatex Corporation

Amatex Corporation reportedly knew the dangers of asbestos but continued to use it in its operations. The company put workers at risk and exposed them to asbestos. Consequently, numerous people have developed deadly asbestos illnesses.

If you or a loved one were diagnosed with mesothelioma or any other illness due to asbestos exposure, you might be entitled to substantial compensation. Fill out our form to get a free Financial Compensation Packet. You’ll learn about the experienced mesothelioma lawyers in your area, how to get paid in 90 days, how to file a claim for the asbestos trust funds, and more.

The Amatex Corporation History

Established as the American Asbestos Textile Corp in the 1950s, Amatex started as a textile manufacturer in Norristown, Pennsylvania.

Most of the company’s products were made to resist hot temperatures and fire, including insulation, ropes, gaskets, wicks, and cloth.

To make their products fire and heat-resistant, Amatex used asbestos. It was affordable and easy to mix into materials.

Amatex stopped using asbestos in its products, but this was many years after the company already knew how dangerous it was to expose workers to toxic asbestos fibers.

Consequently, Amatex faced numerous asbestos-related lawsuits, resulting in more than 9,000 claims. Davlyn Group, a global textile manufacturer, acquired Amatex in 2020.

The Amatex Corporation Lawsuits

With the sheer amount of asbestos-related lawsuits filed, Amatex filed for Chapter 11 bankruptcy in the 1980s.

Stipulations under the company’s Chapter 11 bankruptcy mandated that they create a Creditors’ Committee of Asbestos Litigants to compensate current plaintiffs.

The Amatex Asbestos Disease Trust Fund was also created to handle future asbestos claims. Although the trust fund is now inactive, the company paid out more than $11 million in settlement amounts during the first decade alone.

In 1990, Amatex came out of bankruptcy and re-established the company. Even though they no longer use asbestos, Amex continues to manufacture heat and fire-resistant materials.

Workers Affected By Amatex

Amatex workers and contractors were not the only people affected by the company’s negligent actions.

Thousands of workers across many different job fields and occupations handled Amatex products. It resulted in continuous asbestos exposure, which led to life-threatening diseases such as malignant mesothelioma and asbestos-related lung cancer.

For instance, shipyard workers, construction workers, technicians, and electricians used Amatex products to repair vessels, build homes, and work on machinery and equipment.

Other occupations that used Amatex products include:

• Pipefitters
• Insulation installers
• Boiler workers
• Heating installers
• Air conditioning installers

Talk to your doctor if you think you were exposed to asbestos through Amatex or other companies. A mesothelioma lawyer can help you seek compensation.

Additional Help and Legal Resources for Asbestos Victims

Don’t forget to fill out our form to get our free Financial Compensation Packet, filled with information on the experienced asbestos and mesothelioma attorneys in your area. For additional assistance, contact us at 800-793-4540.