In 1925, three entrepreneurs founded National Gypsum to produce light, flexible wallboard products. The company offered a $5,000 Gold Bond with each of their shipments, inviting consumers to prove that any other product could outperform their gypsum-based wallboards. The Gold Bond marketing campaign was so successful that National Gypsum eventually registered Gold Bond as its trademark in 1926. The company expanded the Gold Bond product line to include plaster, acoustical tile and rock wool and dozens of other products – most of which contained asbestos.
Crumbling under a debt of more than $1 billion (primarily from asbestos litigation), NGC filed for bankruptcy in October 1990. It reorganized three years later and rebranded themselves as the “new” National Gypsum Company. After acquiring numerous competitors like Universal Gypsum and Atlantic Gypsum, the company operates three primary product brands:
The company stopped using asbestos in their products in 1970. All of its current product lines are certified asbestos-free.
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However, the company incorporated asbestos into at least 30 different building materials over the years.
National Gypsum Company acquired a number of different holdings through a series of mergers and reorganizations.
For several years, Gold Bond Products was a separate operating company from National Gypsum. However, it was re-integrated into the parent company in 1993.
Matt Mauney is an award-winning journalist with nearly a decade of professional writing experience. He joined Asbestos.com in 2016, and he spends much of his time reading, analyzing and reporting on mesothelioma research articles to ensure people in the mesothelioma community know the latest medical advancements. Prior to joining Asbestos.com, Matt was a reporter at the Orlando Sentinel. Matt also edits some of the pages on the website. He also holds a certificate in health writing from the Centers for Disease Control and Prevention. Read More