The Keene Creditors Asbestos Trust compensates people who developed asbestos-related diseases from Ehret Magnesia products after Keene Corporation acquired the company in 1968. The trust operates with $45 million to pay current and future asbestos claims from 1924-1972.
Quick Facts About Keene Asbestos Trust Fund and Lawsuits
Founded:
1897
Years Operated:
1897 - 1968
Headquarters:
Port Kennedy, Pennsylvania
Business:
Manufactured thermal insulation products
Asbestos Trust:
Yes
Bankruptcy Status:
Filed for bankruptcy in 1993 and reorganized in 1996
Information About the Keene Creditors Asbestos Trust (Ehret Magnesia)
Keene Corporation acquired asbestos pipe insulation manufacturer Ehret Magnesia in 1968. By the early 1990s, the company confronted more than 100,000 asbestos-related claims. Keene filed for bankruptcy on December 3, 1993, and emerged on June 13, 1996. As part of the bankruptcy reorganization, the company established the Keene Creditors Trust to pay current and future asbestos claims.
Ehret Magnesia Asbestos Trust Updates
The current payment percentage is 0.8%.
Mesothelioma has a scheduled payment of $125,000.
Lung cancer has a scheduled payment of $41,200.
Other cancers have a scheduled payment of $21,500.
Appointed trustees manage the trust and process claims through a structured system. Claimants must provide proof of a mesothelioma diagnosis or other eligible disease and evidence of exposure to Ehret Magnesia products to receive scheduled payouts. This structure follows the standard framework for asbestos trust funds formed under U.S. court oversight to ensure ongoing compensation for people who developed diseases from the company’s asbestos-containing products.
Legal Help for People Exposed to Keene’s Ehret Magnesia Asbestos Products
Experienced asbestos attorneys handle your case completely, filing claims with the Keene Creditors Trust and gathering proof of your exposure at sites like Philadelphia Naval Shipyard. They investigate your work history, secure medical records, witness statements and navigate trust rules to help you secure mesothelioma compensation.
Your experienced asbestos lawyer can also help you file workers’ compensation claims and explore other avenues for compensation to cover your medical expenses, lost wages and other diagnosis-related costs. For example, if another company was involved in your exposure, you may be eligible to file a mesothelioma lawsuit against that company.
The best way to choose among top lawyers to find the right one for you is to get assistance from a Patient Advocate. They can match you with lawyers based on your needs and preferences and offer free ongoing support with mesothelioma specialist appointments, insurance, VA claims and finding community with fellow survivors or caregivers.
Exposed to Asbestos at Ehret Magnesia?
Gain access to trust funds, grants and other forms of compensation for you or your loved ones.
Keene Corporation began defending personal injury lawsuits as early as 1971. While the company purged asbestos materials from its product line in 1972, because of the long latency period for asbestos cancers, people continue to receive diagnoses and need compensation to cover their medical expenses and provide for their families.
$3 million: Henry Tragarz, a former sheet metal worker, was exposed to Baldwin-Ehret-Hill’s Thermasil asbestos block at various job sites throughout the 1960s and ’70s. Tragarz worked alongside insulators and pipefitters whose job tasks stirred up thick clouds of asbestos dust. The jury returned the verdict in favor of Tragarz’s estate, holding Keene Corporation and Owens-Corning Fiberglas Company liable for his death from pleural mesothelioma.
$406,000: George Coffman’s lawsuit asserted Keene and 8 other defendants were responsible for his asbestosis. As an electrician at the Philadelphia Naval Shipyard from 1951 to 1969, Coffman experienced ongoing exposure while servicing and overhauling ships and submarines. The jury found 7 defendants, including Keene, substantially contributed to Coffman’s illness.
These cases highlight the serious health risks tied to decades of asbestos exposure in industrial and naval settings. Legal experts continue to assist individuals and families in pursuing claims, thoroughly documenting exposure history and linking illnesses to Keene’s asbestos products, ensuring fair compensation for affected workers.
Keene and Ehret Magnesia’s History With Asbestos
Ehret Magnesia Manufacturing Company, founded in 1897, produced asbestos pipe insulation products under the Thermalite and Durocel brands. The company combined imported raw asbestos with materials from its Pennsylvania limestone quarries to manufacture and distribute a wide range of thermal insulation and construction supplies.
Workers and users of these products were exposed to asbestos, later developing mesothelioma and other serious respiratory diseases. Despite early knowledge of health risks from industry articles on asbestosis in the 1930s and internal concern over employee illnesses in the 1950s, Ehret continued manufacturing asbestos products.
In 1959, Ehret merged with Baldwin-Hill to form Baldwin-Ehret-Hill, which Keene Corporation acquired in 1968. While Keene didn’t manufacture asbestos products, it sold and expanded fireproofing operations through acquired companies, eventually ceasing production in the early 1970s.
Keene, as successor to Ehret Magnesia and Baldwin-Ehret-Hill, inherited liability for asbestos-related harm. In 1981, Keene’s president formed Bairnco Corporation to manage numerous acquired businesses. Though Keene settled thousands of asbestos cases as of 1981, nearly 9,000 lawsuits remained. Bairnco separated from Keene in 1990 at a cost of $6 million, but asbestos claims continued against the related companies.
In January 1997, workers discovered asbestos-contaminated soil while running fiber optic cable near the former site of Ehret Magnesia’s asbestos plant near Philadelphia. It later came to light that Ehret had illegally dumped waste into abandoned quarries and the Schuylkill River for decades. Further, the company did so with permission from the Pennsylvania state government.
Within several months, the U.S. Environmental Protection Agency determined an emergency removal action was necessary. With an initial investment of $200,000, the agency fenced off the contaminated area, covered the dangerous materials with soil, wet exposed asbestos to reduce airborne fibers and conducted ongoing sampling of the soil and air. While the agency deemed the emergency removal action complete as of July 1997, future projects are still expected.
Occupations at Risk From Keene and Ehret Magnesia’s Products
Ehret Magnesia, Baldwin-Ehret-Hill and Keene Corporation products put thousands of workers at risk. These companies’ asbestos-tainted products affected several industries, most frequently harming workers in construction and shipbuilding.
Higher Risk Jobs
Boiler workers
Carpenters
Chemical plant workers
Construction workers
Ehret Magnesia manufacturing plant workers
Electricians
Factory workers
Industrial workers
Insulators
Metal workers
Pipefitters
Plumbers
Power plant workers
Shipfitters
Shipyard workers
Veterans of the U.S. Navy and Coast Guard
Most at risk, however, were Ehret Magnesia and Keene Corporation employees who worked at the plant in the Valley Forge National Historical Park from the early 1890s to the 1970s. These workers regularly handled raw asbestos and may have been exposed to waste that was illegally disposed of for decades.
Exposure to Thermolite and other Ehret Magnesia insulation products occurred in shipyards, typically during the construction and repair of U.S. Navy and U.S. Coast Guard vessels. Often working in tight quarters with inadequate ventilation, pipefitters, insulators and boiler workers commonly released clouds of toxic dust that threatened the health of all workers in the vicinity.
Keene and Ehret Magnesia’s Asbestos Products
Ehret Magnesia added amphibole asbestos fibers to its popular Thermolite brand pipe insulation. Although it made for excellent insulation, insulators and pipefitters who installed, repaired and removed Thermolite faced ongoing exposure hazards. The insulation was removed prior to pipe repairs and replacing old pipes required cutting, which released toxic fibers into the air.
Ehret Magnesia Asbestos-Containing Products
B-H #1 insulating cement
B-H insulating cement
Baldwin Mono-Block asbestos covering
Durocel pipe insulation
Ehret Air Cell
Ehret asbestos corrugated paper
Ehret asbestos millboard
Ehret asbestos paper
Ehret asbestos sponge felt
Ehret asbestos wick and rope
Ehret Fibrekote
Enduro block insulation
Enduro insulating cement
Enduro pipe covering
Monoblock insulating block
Mono-Spray fireproofing
No. 1 Plus insulating cement
No. 1 insulating cement
Pyrospray “S” fireproofing
Pyrospray fireproofing
Styltone
Super Powerhouse insulating cement
Thermalite block insulation
Thermalite insulating cement
Thermalite pipe covering
Thermasil block insulation
Thermasil pipe covering
Uni-Coustic
Valley Forge asbestos sheets, packings and gaskets
Workers in power plants, shipyards and refineries used these products extensively for heat protection. Cutting, sanding or disturbing them during installation or maintenance releases dangerous amphibole fibers into the air.
Recommended Reading
Address
1 S. Orange Ave., Suite 301, Orlando, FL 32801
Connect with us
Navigation
Monthly Newsletter
Stay up-to-date on treatment, research, clinical trials, doctors and survivors
The information on this website is proprietary and protected. It is not a substitute for professional medical advice, diagnosis or treatment. Any unauthorized or illegal use, copying or dissemination will be prosecuted. Please read our privacy policy and terms of service for more information about our website.
This website and its content may be deemed attorney advertising. Prior results do not predict a similar outcome.
The Mesothelioma Center’s claim as the most trusted resource is based on our more than 150 5-star Google and BBB reviews. Our organization also helps more than half of all mesothelioma patients annually diagnosed.
Your web browser is no longer supported by Microsoft. Update your browser for more security, speed and compatibility.
If you are looking for mesothelioma support, please contact our Patient Advocates at (855) 404-4592
Fact Checked
Our fact-checking process begins with a thorough review of all sources to ensure they are high quality. Then we cross-check the facts with original medical or scientific reports published by those sources, or we validate the facts with reputable news organizations, medical and scientific experts and other health experts. Each page includes all sources for full transparency.
Reviewed
Asbestos.com is the nation’s most trusted mesothelioma resource
The Mesothelioma Center at Asbestos.com has provided patients and their loved ones the most updated and reliable information on mesothelioma and asbestos exposure since 2006.
Our team of Patient Advocates includes a medical doctor, a registered nurse, health services administrators, veterans, VA-accredited Claims Agents, an oncology patient navigator and hospice care expert. Their combined expertise means we help any mesothelioma patient or loved one through every step of their cancer journey.
More than 30 contributors, including mesothelioma doctors, survivors, health care professionals and other experts, have peer-reviewed our website and written unique research-driven articles to ensure you get the highest-quality medical and health information.
About The Mesothelioma Center at Asbestos.com
Assisting mesothelioma patients and their loved ones since 2006.
Helps more than 50% of mesothelioma patients diagnosed annually in the U.S.
A+ rating from the Better Business Bureau.
5-star reviewed mesothelioma and support organization.
My family has only the highest compliment for the assistance and support that we received from The Mesothelioma Center. This is a staff of compassionate and knowledgeable individuals who respect what your family is experiencing and who go the extra mile to make an unfortunate diagnosis less stressful. Information and assistance were provided by The Mesothelioma Center at no cost to our family.
Asbestos.com. (2026, January 20). Keene Asbestos Trust Fund and Lawsuits. Retrieved January 30, 2026, from https://www.asbestos.com/companies/ehret-magnesia/
MLA
"Keene Asbestos Trust Fund and Lawsuits." Asbestos.com, 20 Jan 2026, https://www.asbestos.com/companies/ehret-magnesia/.
Chicago
Asbestos.com. "Keene Asbestos Trust Fund and Lawsuits." Last modified January 20, 2026. https://www.asbestos.com/companies/ehret-magnesia/.
D. Carl Money is an attorney at Nemeroff Law. He has devoted his career to fighting for workers diagnosed with mesothelioma and their families. Money has more than 25 years of experience fighting for people with asbestos-related diseases. He’s licensed in Texas, New York, England and Wales and belongs to various legal organizations across the U.S. and U.K.
Fact-checked and verified content:
Our fact-checking process begins with a thorough review of all sources to ensure they are high quality. Then we cross-check the facts with original medical or scientific reports published by those sources, or we validate the facts with reputable news organizations, medical and scientific experts and other health experts. Each page includes all sources for full transparency.
Please read our editorial guidelines to learn more about our content creation and review process.