History & Asbestos Use
Celotex Corporation, headquartered in Tampa, Florida, was a leading manufacturer of building products including roofing materials, insulation boards, and ceiling tiles—many of which contained asbestos. The company operated as a subsidiary of Jim Walter Corporation and also acquired the Carey-Canadian asbestos mining operations, giving it a vertically integrated supply chain from mine to finished product. Celotex faced tens of thousands of asbestos personal injury claims and filed for bankruptcy as part of the broader Jim Walter Corporation reorganization. A trust was established to compensate asbestos victims.