This bankruptcy involves claims about exposure to asbestos-containing gaskets, packing, and equipment.
Garlock Sealing Technologies LLC, The Anchor Packing Company, and Garrison Litigation Management Group, Ltd., along with representatives of asbestos claimants, have filed a new plan of reorganization (the "Plan"). Coltec Industries Inc is also part of the Plan. If claimants approve the Plan, Coltec will merge with a company known as OldCo, LLC, and that company will file a bankruptcy case. Together, these companies are referred to as the "Debtors."
The gaskets and packing were used in places where steam, hot liquid or acids moved through pipes, including industrial and maritime settings. The equipment included compressors, engines, pumps, transformers, and other equipment that may have had asbestos-containing components, such as gaskets or packing. The Coltec-related divisions or businesses that may have sold asbestos-containing products or equipment were Fairbanks Morse, Quincy Compressor, Central Moloney, Delavan, France Compressor, and Farnam.
Certain deadlines for filing asbestos claims against Garlock have already passed. If you have an asbestos claim against Coltec based on a disease diagnosed on or before August 1, 2014, you must cast a ballot before December 9, 2016, or else file a claim by March 24, 2017. If you do not file a claim, you may lose your right to bring your Coltec claim against the Trust in the future.
For questions regarding the Garlock and Coltec Bankruptcy:
Call Toll-Free 1-844-GARLOCK