National Gypsum

For years, National Gypsum made Gold Bond wallboard and other construction products with asbestos. The company faced bankruptcy after asbestos exposure led to illness in workers and resulting lawsuits. Today, victims of exposure can claim with the National Gypsum Company Bodily Injury Trust.

If you or a loved one suffer from mesothelioma, asbestos-related lung cancer, or asbestosis, you may qualify for substantial compensation. Currently, there is over $30 billion in asbestos trust funds, awaiting those who’ve been diagnosed with an asbestos illness. 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. 

National Gypsum History

National Gypsum was founded in 1925, in Delaware, by three businessmen: Joseph F. Haggerty, Clarence E. Williams, and Melvin H. Baker.

The three founders created a special process to make their gypsum board lighter yet less likely to break. The founders were so confident of their gypsum board that they began offering a $5,000 “Gold Bond” certifications with every shipment.

By 1926, National Gypsum Gold Bond marketing was so successful that it became its trademark. Numerous Gold Bond products followed, including tile, plaster, finishing materials, drywall, cement, and more.

Even though the company’s products increased its profits, most of National Gypsum’s materials had asbestos mixed in. This led to a plethora of asbestos-related lawsuits.

National Gypsum Asbestos-Related Lawsuits and Bankruptcy

By 1990, asbestos lawsuits against National Gypsum had grown so significantly that the company filed for Chapter 11 bankruptcy.

The company was said to be around $1 billion in debt by its filing. Since most of the debt came from asbestos-related claims and lawsuits, National Gypsum set up an asbestos trust three years later, after emerging from bankruptcy.

Court documents stated that National Gypsum still faced over 40,000 asbestos-related cases when it came out of bankruptcy. It created the NGC Bodily Injury Trust (NGCBIT) to compensate for all pending and future cases.

The asbestos trust fund was initially implemented on July 1, 1993, but was canceled on April 22, 2003, to establish the second trust fund, NGCBIT, to start on August 6, 2003.

According to the NGC official website, as of 2015, a total of $381,081,652.19 has been paid out to 207,985 people injured by asbestos due to National Gypsum’s products.

National Gypsum Asbestos-Containing Products

The majority of National Gypsum Gold Bond products were filled with asbestos, including:

• Gold Bond Exterior Stucco
• Gold Bond Asbestos Cement Board
• Gold Bond Plaster
• Gold Bond Cement
• Gold Bond Abestome
• Gold Bond Adhesives
• Gold Bond Tar Paper
• Gold Bond Fire-Shielded Plaster
• Gold Bond Plastic Acrylic Panels
• Gold Bond Texture Paint
• Gold Bond Siding
• Gold Bond Asbestos Permaboard

Occupations Affected by National Gypsum

As with many companies that manufactured and distributed asbestos-containing products to numerous industries, National Gypsum placed a variety of different workers at risk of developing toxic illnesses, including:

• Painters
• Construction workers
• Factory workers
• Mechanics
• Sheetrock workers
• Plasterers
• Drywall installers, and more

National Gypsum Today

National Gypsum remains in business today as a worldwide, full-line supplier of gypsum board and other related products. The company no longer uses asbestos in any of its products.

If you worked with National Gypsum and Gold Bond products containing asbestos, contact an experienced mesothelioma lawyer. They can help you seek compensation through the trust.

Additional Help and Resources

If you’ve been injured by asbestos, keep in mind that 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.