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Plibrico Company

  • Amount in Trust: $205,600,000
  • Year Trust Was Created: 2006

Plibrico Company made a variety of refractory products with asbestos until the 1970s. Asbestos litigation caused the company to file for bankruptcy in 2002. An asbestos trust fund became active in 2006 with $205,600,000 to compensate victims.

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Plibrico’s History with Asbestos

For more than a century, Plibrico Company has manufactured refractory products for use in thermal and industrial applications. The company’s pliable firebrick materials, also known as monolithic refractories, were used to line high-temperature furnaces, incinerators and boilers.

Since furnace linings must be capable of withstanding temperatures higher than the industrial materials they process, asbestos was frequently added. The company used this toxic material from the 1950s through the 1970s.

Plibrico Company Facts:
  • Founded: 1914
  • Years Operated: 1914 – Present
  • Headquarters: Northbrook, Illinois
  • Business: Manufacturer of refractory products and pliable brick materials
  • Asbestos Trust: Yes
  • Bankruptcy Status: Filed in 2002, reorganized in 2006

Plibrico added asbestos to several of its products, including boiler coating and insulating cement. Company employees who manufactured these products were directly exposed to asbestos fibers, which are known to cause cancers such as mesothelioma and lung cancer. End users of these products, such as boiler workers and pipefitters, were also at risk of asbestos exposure.

For the past two decades, the company has consistently ranked as one of the top three producers of monolithic refractories in the United States. However, to the company’s detriment, legal claims stemming from Plibrico’s use of asbestos forced the company into bankruptcy as it faced asbestos lawsuits.

Bankruptcy and Trust Fund

In 2002, the company declared Chapter 11 bankruptcy. It emerged from bankruptcy four years later and established the Plibrico 524(g) Trust, also known as the Plibrico Asbestos Trust.

The trust is designed to deal with future asbestos claims against the company. According to the guidelines for the trust, all claims are processed and paid on “an impartial, first-in-first-out basis, with the goal of paying all claimants over time as equivalent a share as possible of the value of their claims.”

A standardized payment percentage is managed by the trustee to ensure enough funds remain to handle future claims. As of June 2016, the current payment percentage was set at 1.36%, which is among the lowest percentages paid by any asbestos trust fund.

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Asbestos Litigation Involving Plibrico

Because Plibrico supplied its asbestos-containing materials to other businesses, it was difficult for plaintiffs in asbestos lawsuits to substantiate exposure in terms specific enough to satisfy the courts. However, asbestos lawsuits filed against Plibrico began to pile up in the 1980s and ’90s and into the millennium.

The company was faced with a number of mass tort actions concerning its use of asbestos. In 2001, Plibrico was named with a number of other companies in an asbestos suit filed on behalf of the New Jersey Local 475 Steamfitters union.

Furthermore, Plibrico and 49 other product manufacturers were the defendants in a suit filed by Cornelius C. Dykstra, a patient suffering from malignant mesothelioma. The case garnered widespread legal attention because it stated, unequivocally, that the public- and private-interest factors inherent in asbestos litigation made it a subject of national importance.

While the trust continues paying out claims for past asbestos exposure, Plibrico’s business is booming. CEO Brad Taylor announced in January 2019 that the company was entering a new European partnership to provide distribution of Plibrico’s refractories throughout 12 countries.

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Plibrico’s Asbestos Products

Between the 1950s and the 1970s, Plibrico manufactured the following asbestos-containing products:

  • Pliseal boiler wall coating
  • Plicast Airlite
  • Plicast LWI-24G
  • Plisulate insulating cement
  • Plisulate insulation block
Plibrico Plicast Refractory Cement
Between the 1950s and the 1970s, Plibrico manufactured various asbestos-containing products including Plicast refractory cement insulation.

Occupations at Risk of Exposure to Plibrico’s Asbestos Products

The following occupations were at risk of exposure to asbestos through Plibrico’s products:

  • Boiler workers
  • Furnace men
  • Insulators
  • Pipefitters
  • Pourers
  • Steamfitters
  • Steel and iron workers
  • Smelter men

Employees of the company were at risk of asbestos exposure when manufacturing asbestos-containing products. Once the products made it to market, workers in industries such as construction, shipbuilding and metalwork were at risk of exposure to Plibrico’s refractory products.

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Plibrico Company History

Founded in 1914, Plibrico Company LLC manufactures a complete line of high alumina- and alumino-silicate monolithic refractories for use in a variety of applications. The company also provides technical and engineering support services to assure the correct product choice and best design for its customers, which are located in North America, Central America and the Caribbean.

It was founded by W.A.L. Schaeffer and was originally known as the Pliable Brick Company. Schaeffer recognized the fact that refractory lined vessels of the early 20th century increased in complexity. He understood that production of brick linings would benefit from onsite fittings to the equipment. His ideas led to the development of today’s plastic refractories.

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Writer

Joining the team in February 2008 as a writer and editor, Michelle Whitmer has translated medical jargon into patient-friendly information at Asbestos.com for more than eight years. Michelle is a registered yoga teacher, a member of the Academy of Integrative Health & Medicine, and was quoted by The New York Times on the risks of asbestos exposure.

Walter Pacheco, Managing Editor at Asbestos.com
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5 Cited Article Sources

The sources on all content featured in The Mesothelioma Center at Asbestos.com include medical and scientific studies, peer-reviewed studies and other research documents from reputable organizations.

  1. Plibrico. (2019). About Us.
    Retrieved from: https://plibrico.com/about_us/
  2. GlobalCement.com. (2019, January 11). Plibrico starts refractory distribution deal with Pli Group Europe.
    Retrieved from: http://www.globalcement.com/news/item/8596-plibrico-starts-refractory-distribution-deal-with-pli-group-europe
  3. Plibrico Asbestos Trust. (2018). Notices.
    Retrieved from: http://www.plibricotrust.com/index.php/notices/
  4. RAND. (2010). Asbestos Bankruptcy Trusts: An Overview of Trust Structure and Activity with Detailed Reports on the Largest Trusts.
    Retrieved from: http://www.rand.org/pubs/technical_reports/2010/RAND_TR872.pdf
  5. Plevin, M. and Kalish P. W. et al. (2007, February). Mealey's Asbestos Bankruptcy Report. LexisNexis. Retrieved from: http://www.crowell.com/documents/DOCASSOCFKTYPE_ARTICLES_592.pdf
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Last Modified August 21, 2020

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