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For most of the 20th century, Flexitallic Gasket Company produced gaskets containing asbestos. Understandably, lawsuits later arose when company workers who were exposed to these harmful products developed mesothelioma and other fatal diseases. Eventually, the Turner & Newall partner company filed the appropriate paperwork for Flexitallic to pursue bankruptcy. A trust was established to compensate workers who had been exposed to asbestos-containing products manufactured by Flexitallic.The History of Flexitallic
Beginning in the middle of the 19th century in England, Flaxatillic began producing gaskets. Then, at the start of the 20th century, Flexitallic moved to the United States and made New Jersey its headquarters.
From simple roots grew great company success. Flexitallic prospered during this time and introduced a spiral-wound gasket at the beginning of the 1910s. For several decades, no company produced a comparable product. Besides these gaskets, Flexitallic produced other gaskets, too. In the 1960s, investors acquired the company. A decade later, Flexatillic was sold to Turner & Newall, an English asbestos manufacturing operation.
Flexitallic then went through a series of mergers and rebrandings. Around this time, the company changed its name to Gasket Holdings Incorporated. Today, the company is titled the Flexitallic Group and headquartered in Houston Texas. In the late 1990s, Federal-Mogul acquired Flexitallic. Federal-Mogul subsequently assumed asbestos liability for Flexitallic. Given the substantial liability of Flexitallic, Federal-Mogul was ultimately recognized due to bankruptcy protection.Operations at Flexitallic
Flexitallic produced asbestos-containing products for many years and its products were distributed to countless companies and people. Some of the most common types of workers who were exposed to asbestos-containing products manufactured by Flextillic include pipefitters, manufacturing workers, boiler workers, refinery workers, and shipyard workers.
The most common type of asbestos-containing product manufactured by Flexitallic that impacted workers was the spiral-wound gasket. Like many companies, Flexatillic prized the usage of asbestos as a material in its product due to the material’s heat-resistant and durable nature. In 1992, Flexitallic stopped placing asbestos in its products.The Creation of the Flexitallic Trust
Flexitallic’s spiral-wound gaskets were produced from asbestos packing as well as metal that was bonded to create ring-shaped gaskets. While the gaskets were produced, a countless number of workers were exposed to asbestos.
In the 1990s, workers initiated legal action against the company over asbestos exposure. In 2001, Flexitallic pursued Chapter 11 bankruptcy protection. As a term of emerging from bankruptcy, the company was required to establish a trust to compensate victims. This trust was initially funded at $635 million and started accepting claims in 2007.
As of 2022, the Flexatillic trust has compensated asbestos exposure victims at around 6% of funds requested to make sure that future claimants will also receive compensation.Contact a Compassionate Mesothelioma Exposure Attorney
If you or a loved one is facing an asbestos-related condition due to exposure to a Flexatillic asbestos-containing product, contact our law office today by calling 888-506-1131. During a free case evaluation, we will review your options to pursue compensation.