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Thousands of Asbestos Claims Led Materials Company to Bankruptcy

Jan. 24, 2020, 6:30 PM

DBMP LLC, an affiliate of building-materials maker CertainTeed LLC, filed for bankruptcy on Thursday in North Carolina, citing tens of thousands of unresolved asbestos-related claims tied to products manufactured prior to 1993.

CertainTeed Corp., a manufacturer of cement pipes, asphalt roofing products and siding shingles, underwent a restructuring in October to establish two entities, DBMP and CertainTeed LLC. DBMP was created solely to handle asbestos claims that were burdening the company while CertainTeed LLC continues to operate and isn’t involved in DBMP’s Chapter 11 proceedings.

“This chapter 11 case was caused by the unceasing and unwarranted filing of ...