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Kelly Moore Paints going out of business

Geez!? People getting all worked up over asbestos caused this? I spent years working with asbestos. The product was 100 percent asbestos. It’s not a big deal unless you inhale a whole lot of the dust.
 
That's not entirely accurate. Some people can have limited exposure and it will kill them twenty years later, or some people can work with it their whole life and have no issues. It's not so different from the variety of ways cigarettes impact people, there's no real rule to it and your best bet is to just stay away from it.
 
The brand still has value, seems likely that the company will sell to new owners and the bankruptcy will extinguish the asbestos liabilities, allowing the business to once again be viable.
 
At the Finningley Air Display in the late '60s, the fireman would let the kids climb into their asbestos fire suits. I'm fooked. :x:wtf
 
KM was taken over by a private equity firm in 2022. That should tell you enough.
 
Eldritch said:
Sadly, this death of an American Business almost 80 years old is one that in part I attribute to the ongoing American failure to establish a NHS.
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Eldy professing desire for a social service, a National Health Service , ..was not what I thought I would read on a Saturday..or ever

…not wrong though
 
My dad was a painter/paper hanger, and I was his helper as a kid. Kelly Moore was the pro's paint shop, and it showed in their service model. In college I did some more painting on a professional level, and loved working with KM. But, about 15 years ago we had two batches of paint have a really weird issue after they dried, and I was disappointed how they handled it. Two years ago, I bought paint from KM for the exterior of my house, and the service in the same store I always used was really sub-par, the store was a shadow of it's former self. I'll still miss what it used to be though.
 
mercurial said:
The brand still has value, seems likely that the company will sell to new owners and the bankruptcy will extinguish the asbestos liabilities, allowing the business to once again be viable.
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I have the impression that they just turned off the lights and went home. No bankruptcy.
 
I was a painting contractor in the 1990s & bought 1000s of gallons of paint from KM....
sad to hear they had a crappy CEO & board that couldnt maintain a forward thinking business model
 
Jammer said:
I have the impression that they just turned off the lights and went home. No bankruptcy.
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I guess if the gig is up, and your liability is properly shielded, this is the cheapest/easiest thing to do. I imagine creditors will bring suit and the judge can force the corporate entity into bankruptcy.
 
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