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Uniroyal Closes After Asbestos Burden | Durham News
Uniroyal Holding Inc., once a titan of American industry and a Dow Jones original, is folding under the weight of its past—filing for Chapter 11 bankruptcy to finally settle decades of asbestos claims and retiree benefits. With assets worth $10M–$50M but debts soaring $50M–$100M, the company has paid out nearly $500M across 216K cases, yet still faces 35K pending lawsuits. Facing an aging team and mounting pressure, Uniroyal’s leadership is pivoting to a trust fund to handle all future claims before dissolving the brand entirely—marking the end of a legacy that dates back to 1892 and helped…
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