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RPM to Close $800M Book on Asbestos

2014-12-12 12:51:31| Chemicals - Topix.net

The parent company of Rust-Oleum, Carboline and other leading coating brands will again be whole - and far more profitable - under a bankruptcy reorganization plan approved this week. Two federal courts in Delaware have approved RPM International's reorganization plan for its Specialty Products Holding Corp. subsidiary, four and a half years after the longtime manufacturer of asbestos-containing products filed for bankruptcy protection.

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