Pacor Incorporated (Philadelphia Asbestos Company)

Pacor Incorporated (Philadelphia Asbestos Company) is a nationwide leader in insulation products. Its history of asbestos use led to numerous mesothelioma lawsuits. Eventually, Pacor filed for bankruptcy to help cover future asbestos cases.

With more than $30 billion currently set aside in trust funds, you may qualify for substantial compensation if you’ve been diagnosed with mesothelioma, asbestos-related lung cancer, or asbestosis. 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. 

Pacor Incorporated History

Founded in 1921 as the Philadelphia Asbestos Corporation, Pacor Incorporated started out manufacturing asbestos products for the military and industrial businesses.

The Johns Manville Company, which would later become well-known for exposing thousands upon thousands of people to asbestos, was one of the company’s partners.

As insulation demands began to grow, Pacor added additional products and services to its line, and the company grew substantially.

By the 1970s, Pacor provided products and services to more than 100 companies nationwide. Still, the majority of its products contained asbestos, which would eventually come back to haunt the growing business.

Pacor’s heavy use of asbestos in products led to thousands of asbestos-related claims.

Throughout most of the twentieth century, Pacor Incorporated heavily on asbestos because of its affordability, ease of use when being mixed into materials, and its fire and heat-resistant properties.

Employees and contractors who used Pacor insulation developed conditions such as malignant mesothelioma and asbestos-related lung cancer.

Eventually, asbestos victims began filing claims against the company.

Pacor Incorporated Lawsuits and Bankruptcy

In 1986, facing a large number of asbestos-related claims, Pacor filed for Chapter 11 bankruptcy. 

The company came out of bankruptcy in 1988 and set up an asbestos trust fund, the Pacor Settlement Trust. The company funded the trust to compensate future claimants.

The trust was set up by the Claims Resolution Management Corporation (CRMC).

Since Pacor had ties as a distributor to the Johns Manville Corporation, it was also included in the Manville Personal Injury Settlement Trust, initially funded with over $2 billion.

Occupations Affected by Pacor Incorporated

Along with thousands of people in the military developing life-threatening illnesses after working around Pacor’s products, many workers in various other occupations were placed at direct risk of asbestos-related diseases.

The most common occupations that have been associated with Pacor products include:

• Construction Workers
• Shipbuilders
• Shipyard Workers
• Warehouse Workers
• Maintenance Workers
• Electricians
• Sheet Workers
• Assembly Workers, and more

Pacor Incorporated Today

Pacor currently remains in operation after completely reorganizing itself after bankruptcy. The company still manufactures and distributes insulation products but has since replaced asbestos with a safer substitute.

You might be at risk for mesothelioma if you worked with Pacor products in the past. Talk to an asbestos law firm to find out how to seek compensation.

Additional Help and Resources for Asbestos Victims

Remember, if you’ve been diagnosed with an asbestos-related illness, there is a good chance 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.