March 30, 2011

Dogged by asbestos claims, United Gilsonite Laboratories (UGL) has filed a voluntary petition for Chapter 11 bankruptcy reorganization in a Pennsylvania U.S. district court. The paint and coatings manufacturer is seeking court approval to establish a trust fund to settle outstanding claims and an injunction preventing asbestos-related awards except though the trust.

UGL used asbestos in joint compound but discontinued the practice more than 30 years ago, according to the company.

January 17, 2008

“Overall, 2007 was a milestone year in our transformation to focus on coatings and specialty...

September 9, 2007

Market conditions were difficult in the third quarter, the company said....