Turner & Newall

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Turner & Newall was a leading manufacturing business based in Manchester, United Kingdom. At its peak, it was a constituent of the FT 30 index of leading companies on the London Stock Exchange. As part of their business, the company was one of the first to industrialize asbestos, and its eventual demise in 2001 left an aftermath of asbestos litigation.

In 1998 the business was acquired by Federal-Mogul which itself got into financial difficulties and filed for Chapter 11 protection as a result of asbestos claims. In the United Kingdom the business went into administration in October 2001 leaving a pension fund deficit estimated at £400 million.

Subject ID: 37464

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Turner & Newall was a leading manufacturing business based in Manchester, United Kingdom. At its peak, it was a constituent of the FT 30 index of leading companies on the London Stock Exchange. As part of their business, the company was one of the first to industrialize asbestos, and its eventual demise in 2001 left an aftermath of asbestos litigation.

In 1998 the business was acquired by Federal-Mogul which itself got into financial difficulties and filed for Chapter 11 protection as a result of asbestos claims. In the United Kingdom the business went into administration in October 2001 leaving a pension fund deficit estimated at £400 million.

Subject ID: 37464

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Subject ID: 37464