Owens Corning Fiberglass Corporation was originally founded in 1938 and is known for inventing glass fiber and glass fiber insulation. The company was formed from Corning Glass Company and Owens Illinois Glass Company and manufactured products throughout the United States and worldwide.
In 1953, Owens Corning began distributing asbestos-containing insulation, later resulting in numerous asbestos personal injury lawsuits.
In 1997, Owens Corning acquired the Fibreboard Corporation. Owens Corning was a world leader in high performance glass fiber composites and building materials, while Fibreboard was a leading producer of vinyl siding and other residential and industrial building materials.
In October 2000, Owens Corning filed for Chapter 11 bankruptcy.NEXT LESSON