Gold Bond

Before Gold Bond became known for personal care products, it was a brand of wallboard. Made with asbestos, Gold Bond caused exposure in many construction workers and consumers. The parent company, National Gypsum, filed for bankruptcy in the face of the resulting lawsuits.

If you’ve been diagnosed with mesothelioma, asbestos-related lung cancer, or asbestosis, keep in mind that you may be eligible for substantial compensation. There is currently over $30 billion in asbestos trust funds set up for victims of asbestos-related diseases. Fill out our form to receive our free Financial Compensation Packet. Our packet is loaded with information on experienced mesothelioma attorneys in your area, how to file a claim for asbestos trust funds, how to get paid in 90 days, and more. 

Gold Bond History

Gold Bond was established in 1925 when the National Gypsum Company created flexible, lightweight wallboard, with a $5,000 “gold bond” guarantee certificate that stated the product was far superior to any other similar product. The wallboard became so popular that it spun into its own name and own division in the company: Gold Bond.

The National Gypsum Company was one of the few companies to survive and remain in business after the U.S. Great Depression. It expanded considerably, acquiring many subsidiaries and creating new products. Its Gold Bond wallboard and wallboard-related products remain its most popular products.

However, before the Environmental Protection Agency’s (EPA) strict regulations on asbestos use, National Gypsum marketed numerous asbestos-containing products under the Gold Bond brand name.

From 1950 until 1970, employees, contractors, and consumers risked developing asbestos illnesses due to Gold Bond products.

Eventually, many people were diagnosed with diseases such as asbestos-related lung cancer, asbestosis, and malignant mesothelioma. Thousands of lawsuits followed, placing the company in extreme financial hardship and leading up to bankruptcy.

Gold Bond Lawsuits and Bankruptcy

During the 1970s, asbestos-related claims against Gold Bond Building Products and National Gypsum Company grew. With seemingly no end to the claims in sight, National Gypsum Company filed for Chapter 11 bankruptcy in 1990.

Now known as NCG, the new company doesn’t manufacture asbestos-containing products. Its past use of asbestos made it liable for many mesothelioma cases and similar illnesses.

A bankruptcy provision was that National Gypsum was required to develop a reorganization plan, which entailed setting up an asbestos trust fund that would compensate all pending and future asbestos-related claims.

Once the company emerged from Chapter 11 bankruptcy, the Asbestos Claims Facility took over all of the National Gypsum asbestos-related claims.

In 2002, National Gypsum placed $347 million into the NGC Bodily Injury Trust, which protects the company from future asbestos lawsuits and pays off all pending and future claims.

Gold Bond Asbestos-Containing Products

As mentioned earlier, although National Gypsum was never directly responsible for manufacturing asbestos-containing products, its relationship in marketing asbestos-containing products made the company liable for thousands of illnesses and deaths.

The following products were, at one point, marketed by Gold Bond:

• Gold Bond Plasters
• Gypsolite
• E-Z Soak
• All-Purpose Joint Compound
• Gold Bond Abestone
• Gold Bond Siding
• Gold Bond Asbestos Cement Board
• Gold Bond Non-perforated Asbestos Panels
• Gold Bond Asbestos Permaboard
• Gold Bond Plasticrylic Panels
• Gold Bond Humiguard Asbestos Panels
• Gold Bond Sprayolite
• Gold Bond Joint Compounds
• Gold Bond Natcor
• Gold Bond Texture Paint
• Gold Bond Fire-Shield Plaster

Since Gold Bond products were used in all types of occupational environments, not only were National Gypsum employees and contractors put at risk, but workers in various jobs faced constant danger.

For example, construction workers, insulation installers, and electricians worked with Gold Bond products, in addition to demolition workers, remodelers, and more.

If you worked with Gold Bond products, you could be at risk for an asbestos illness. Talk to your doctor about it, and then work with a mesothelioma lawyer to determine your legal options.

Additional Resources and Legal Information for Asbestos Victims

If you’ve been injured by asbestos, there is a good chance that you’ll qualify for considerable compensation. Remember to fill out our form to get your free Financial Compensation Packet, with information on asbestos and mesothelioma lawyers in your area. If you have questions or need additional assistance, contact us at 800-793-4540.