C.E. Thurston & Sons, Inc. Asbestos Trust

Overview

The C.E. Thurston & Sons, Inc. Asbestos Trust was established in 2006 following the company's bankruptcy. The initial funding totaled approximately $53 million. The company historically handled insulation products containing asbestos and performed distribution, installation, repair, and removal activities.[1](L1)

The Trust was created to ensure fair and equitable handling of present and future asbestos - related claims.[1](L3)

History of the Company

C.E. Thurston & Sons was founded in 1919 in Norfolk, Virginia. Its primary work involved installing, repairing, removing, and distributing insulation and refractory materials that contained asbestos. Rising asbestos - related lawsuits contributed to the company's bankruptcy filing in August 2003. The Trust was formed three years later to process these claims.[1](L2)