History & Asbestos Use
National Gypsum Company was founded in Buffalo, New York in 1925 and grew into one of the largest gypsum and building-products manufacturers in the United States under its Gold Bond brand. The company's products, including joint compound and fireproofing, contained asbestos for decades, and Gold Bond joint compound became one of the most widely used asbestos-containing products in residential construction. National Gypsum filed for Chapter 11 bankruptcy in 1990 due to asbestos liabilities and established a trust to compensate victims.