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title: ""Under long-gone prior ownership, Kelly-Moore had used asbestos in…"
date: 2024-01-13
source: facebook
type: Archer T. Ships shared a link.
---

# "Under long-gone prior ownership, Kelly-Moore had used asbestos in…

*January 13, 2024 · Facebook*

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[https://www.mercurynews.com/2024/01/12/kelly-moore-paint-store-retail-bankrupt-economy-job-layoff-real-estate/](https://www.mercurynews.com/2024/01/12/kelly-moore-paint-store-retail-bankrupt-economy-job-layoff-real-estate/){target="_blank"}
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\"Under long-gone prior ownership, Kelly-Moore had used asbestos in cement and texture products. The paint retailer discontinued asbestos in its products in 1981. Even so, the company's finances eventually buckled beneath a mountain of claims.\
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"Largely due to the asbestos litigation overhang, it was impossible to attract any additional funding or interest to recapitalize, restructure, or reorganize the business," the company stated.\"\
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[https://www.mercurynews.com/2024/01/12/kelly-moore-paint-store-retail-bankrupt-economy-job-layoff-real-estate/](https://www.mercurynews.com/2024/01/12/kelly-moore-paint-store-retail-bankrupt-economy-job-layoff-real-estate/){target="_blank"}
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