This organization has been operating for approximately 34 years. Congoleum is an industry leader in resilient flooring. Congoleum corporation has three product market segments. Although the company is still in operation today, it faced numerous asbestos lawsuits after it extensively used asbestoscontaining products.
Here are some examples from some several years of the congoleumnairn pattern book. Luxury sheet and tile flooring is now made for the less experienced installer. Congoleum was established in 1886 and is one of our nations top manufactures in vinyl flooring. Gary keeble, director of marketing, metroflor corporation. Contact us we are committed to answering questions and addressing comments in a timely fashion. Uncover why congoleum corporation is the best company for you. You are invited to combine the valuation principles and methods discussed in the course to evaluate a. Ami conferences network with your colleagues in the global. The defendant, bath iron works corporation had moved to dismiss the amended complaints of the plaintiffs, dvl, inc. Congoleum luxury vinyl plank and luxury vinyl tile. Detailed information on 1945 e state st, owned by congoleum.
These numbers were based on values provided in the case. Declaration owner congoleum corporation 3500 quakerbridge. Case solution, describes the development and the conditions of the largest leveraged buyout by the time the case. The trust was created to process, liquidate and pay valid asbestos personal injury claims in accordance with the congoleum plan trusts amended. The trust was created to process, liquidate and pay valid asbestos personal injury claims in accordance with the congoleum plan trusts amended trust distribution. Asbestos is not illegal in the united states and is still widely used in many electrical insulations, roofing, and fireproofing materials. Good l corporation goodman gorilla glue co gorilla gripper gosport mfg. Now you can have all the advantages of a ceramic tile floor with performance features designed to meet todays demanding lifestyles. Product title congoleum carefree floating vinyl plank floor. Ads and links are not to be considered a endorsement by carpet court or by congoleum corporation. I was replacing a congoleum floating floor that had performed beautifully for 15 plus years. I mixed small amounts in a small container and saved the rest for future jobs. The main reasons included the quality appearance, ease of install, as well as the fabulous warranty.
Congoleum vct tile is affordable, realistically designed and textured, easy to clean, and an ideal choice for any room. Finance 351, corporate finance, congoleum corporation. Congoleum corporation, which also operates under the name congoleum, is located in trenton, new jersey. Calculate its for 19801984 as interest expense x tax rate source.
Congoleum has a long history of supporting american jobs and american workers. One of the best things about luxury sheet and tile flooring is that you often cant take it out of its packaging and lay it on your floor right away. Write to our customer service team congoleum corporation, department c p. Congoleum is a brand that represents several types of flooring products, but resilient sheet flooring is primarily associated with the name. In 1924, the congoleum corporation acquired nairn linoleum. Made with a realistic microtexture technology, ultima vinyl flooring duplicates the look and feel of slate, ceramic, wood, and stone to allow you a floor that has crisp, vibrant textures and colors. From there, we employed the adjusted present value method to discount these cash flows because we assumed that congoleum was. May 15, 2020 for decades, congoleum manufactured flooring products that incorporated asbestos to add strength, durability, and insulating properties.
Compare pay for popular roles and read about the teams worklife balance. Congoleum corporation launches new corporate website. An unwavering commitment to design, quality and innovation has made congoleum the brand of choice for. Feb 18, 2018 class of all others similarly situated against congoleum corporation defendant or congoleum, the manufacturer of duraceramic floor tiles used for commercial, industrial, institutional and residential flooring applications. This means that as the home contracts, due to cooler weather in the winter and expands with warmer weather in the summers. Since congoleum will have over 90% debt postmerger, gradually decreasing to xx% in 1984, we took the average yield for ccc bonds source. Congoleum residential and commercial resilient sheet, plank and vinyl tile products along with durastone and duraceramic tiles are engineered utilizing stateoftheart design and manufacturing equipment. The companys filing status is listed as inactive and its file number is 835572.
Resilient flooring division of congoleum corporation, a corporation, also known as congoleum corporation, a corporation, also known as congoleum narin, defendant. The site consists of approximately fiftyfive 55 buildings, most of which are utilized as a manufacturing plant and warehouses. Simon gervais fall 2011 term 2 this case illustrates a leveraged buyout and highlights some of its valuecreating aspects. In 2008 i chose congoleum duraceramic for my flooring when i remodeled my kitchen. On march 11, 1993 effective on february 28, 1993, the business and assets of the company and those of the amtico tile division of american biltrite inc. The company faced asbestos litigation that forced it into bankruptcy in 2003. Since 1886 congoleum has manufactured all of our resilient sheet products in the northeastern united states. They continue to be a leader in innovation products for the flooring.
Abridged case study solution, describes the development and conditions of the largest leveraged buyout before the date of the case. Find 2 listings related to congoleum corp in chester on. Mid l 890801congoleum corporation, decision and judgment plaintiff vs. The congoleum plan trust was created in 2010 as a result of the confirmation of the congoleum corporation, et al. For over 125 years, congoleum has been creating beautiful and durable floors for the way you live. Ultima luxury sheet vinyl flooring is a fivestar vinyl flooring that offers exceptional comfort, style, and durability at discount vinyl prices. Finance 351, corporate finance, congoleum corporation, hint sheet. Goss goss inc gps generic parts service grabber grabber performance gracious living graco inc. Congoleum duraceramic by congoleum corporation designbiz.
Congoleum corporation made asbestos flooring materials from the late 1940s until the mid1980s. Jun 15, 2019 the congoleum corporation is a flooring manufacturer based out of mercerville, new jersey. The company faced asbestos litigation that forced it into. Congoleum corporation is a florida foreign profit corporation filed on december 10, 1975. Congoleum is an active manufacturing facility located on 51.
Find out what works well at congoleum corporation from the people who know best. This organization primarily operates in the floor or wall covering, unsupported plastics business industry within the rubber and miscellaneous plastic products sector. The deed for 1945 e state st is filed with the county clerk in book 2668 on page 187. Congoleum is a preferred partner because they develop and supply innovative flooring products that push our industry forward. Consumer information hotline 609 5843601, monday through friday, 8. Author see all formats and editions hide other formats and editions.
Among other things, plaintiffs claim that the company represents the floor tiles are versatile, durable, and easy to care for. The registered agent on file for this company is c t corporation system and is located at 100 biscayne blvd. Small l shaped kitchen with island floor plans galley l shaped kitchen layout. According to their website, they were the first to use chemical embossing, invented inlaid sheet vinyl and nowax vinyl flooring. Linoleum, commonly abbreviated to lino, is a floor covering made from materials such as. The main problem is to estimate the positions of the. Internet purchase policy testimonials warranties faqs sitemap. Made of layers similar in construction to vinyl tiles, the sheet flooring comes in widths of 6 feet or 12 feet and in a variety of designs and styles. Congoleum vct tile vinyl composition tile carpet express. This web site is not affiliated with congoleum corporation, this is an independent information site for consumers to do research on flooring products. Mar 14, 2012 explore congoleums board congoleum duraceramic. In 1864 he established the linoleum manufacturing company ltd.
Luxury vinyl tile, vct tile, and sheet vinyl flooring are some of the most versatile types of flooring. The time when i dont have to go anywhere or do anything more than snuggle up with my book. Reviews from congoleum corporation employees about congoleum corporation culture, salaries, benefits, worklife balance, management, job security, and more. Youll find below a list of asbestos containing products and companies that manufactured them. Origin and availability of material content for cleo flooring. Today, our sheet manufacturing plant is based in trainer, pennsylvania. Congoleum is committed to developing even more innovative resilient flooring products now and in. Walton established the linoleum manufacturing company ltd. With some flooring, youve got to let it get used to its new environment, and let the boards acclimate. Congoleum corporation made a variety of flooring products that included asbestos, and as a result faced many lawsuits and bankruptcy over asbestos exposure. The variety of sheet vinyl floor covering products they offer is just one reason they are such a valuable vendor to us. Consequently, congoleum filed for bankruptcy to help compensate the mounting asbestos claims. Airstep styles luxury sheet floors congoleum flooring.
Business congoleum corporation the company was incorporated in delaware in 1986, but traces its history in the flooring business back to nairn linoleum co. Congoleum holds numerous patents for novel creations over the years. Airstep luxury sheet flooring utilizes a product construction technology that allows for better installations and controlled stability, rather than the dimensional stability of fiberglass products. The main problem is to estimate the positions of the var.
No one responds to request for care info via their. Granite gold graphic products grassworx grate chef great neck. Congoleum corporation executive summary in valuing the target company congoleum after an lbo by first boston found the expected free cash flows generated by this firm from 1980 to 1984. For the quickest reply, please complete the form below, or call us. A classaction lawsuit was filed against congoleum corporation for allegedly falsely advertising duraceramic floor tiles in various marketing materials such as its website, advertisements, and warranties. Trial phase i this declaratory judgment action has been bifurcated into three phases. Ok, that was about 2 minutes, but the best 2 minutes of the day. New duraceramic is warmer to the touch, more comfortable underfoot, and faster and easier to install than traditional ceramic tile. The land was assessed at 805500 and the improvements to the property were assessed at 4877400. Congoleum corporation in trenton, nj 609 5843000 profile. Congoleum has been a trusted leader in the flooring industry for more than 127 years.
Case study solution, describes the development and conditions of the largest leveraged buyout before the date of the case. Linoleum news newspapers books scholar jstor april 2007 learn how and when to remove this template message. Enjoy the glamour and functionality of our many floors and create an oasis in. Source for information on congoleum corp international directory of company histories dictionary. Cookbook storage ideas basket modern recipe book storage idea best. Get the inside scoop on jobs, salaries, top office locations, and ceo insights. Its corporate history includes such industry highlights as the introduction of the first nowax floor and the first chemically embossed vinylsheet floor. All content is posted anonymously by employees working at congoleum.
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