The internet is filled with things. Here is one of them.
Bay Area paint giant Kelly-Moore shuts down, closes every store2024 Jan 16
After 78 years, this paint company is closing every store. I didn't realize they were a local company, but it's sad whenever any enterprise fails. To be fair, though, Kelly-Moore is failing because they are overwhelmed with asbestos lawsuits, which even though the stopped using in 1981, they say has continued to cost the company to the total of over $600m, with another $170m estimated still due in the future. Interestingly, the California State Rock is serpentine, a recognition it earned due to the asbestos it contains and how valuable it was back before asbestos was a dirty word.
After 78 years, this paint company is closing every store. I didn't realize they were a local company, but it's sad whenever any enterprise fails. To be fair, though, Kelly-Moore is failing because they are overwhelmed with asbestos lawsuits, which even though the stopped using in 1981, they say has continued to cost the company to the total of over $600m, with another $170m estimated still due in the future. Interestingly, the California State Rock is serpentine, a recognition it earned due to the asbestos it contains and how valuable it was back before asbestos was a dirty word.