Allied Signal, Inc. Company History
On December 17, 1920 the Allied Chemical & Dye Corporation was born into existence as the result of a merger of five chemical companies by two executives—Dr. William H. Nichols, a chemist and president of General Chemical Company, and Eugene Meyer, a Washington Post publisher and financier. The merger provided this new entity with the four basic ingredients of the chemical industry at that time: acids, alkalies, coal tar, and nitrogen.
By 1928, Allied became the leading producer of ammonia in the world with the opening of its plant near Hopewell, Virginia. Post World War II, Allied continued to venture into new markets with the production of nylon 6 (used in manufacturing items from tires to clothing) and refrigerants. In 1958, Allied Chemical & Dye Corporation moved its headquarters to Morristown, New Jersey where it was renamed Allied Chemical Corporation.
Allied purchased Union Texas Natural Gas in 1962 providing the company with oil and gas properties throughout the Americas. By 1979, this investment would be responsible for 80% of Allied’s income.
The year 1981 brought yet another renaming of the company to Allied Corporation. In 1983, the company purchased Bendix Corporation, an aerospace and automotive company, which would prove to be an asset a year later by producing 50% of Allied’s income.
Known as Allied-Signal in 1985, Allied expanded its aerospace, automotive, and engineered materials businesses through its merger with the Signal Companies. In 1993 the hyphen was dropped from the company’s name to convey a one-company image.
In 1999, AlliedSignal acquired Honeywell—an international controls company that developed and supplied advanced technology products, systems, and services to aviation and space companies and industry—and adopted its name which it considered to be more recognizable. This merger was valued at $15 billion.
Today, with headquarters in Morristown, New Jersey and over 122,000 employees worldwide, Honeywell is organized into four major business units: aerospace, automation and control solutions, transportation systems, and specialty materials.
Products Manufactured by Allied Signal, Inc. that Contained Asbestos
The natural ability of asbestos to resist heat made it a key component of refractory and friction products prior to its classification as a “known human carcinogen” in the latter part of the 20th century. Honeywell (formerly AlliedSignal, Inc.) and its previously owned subsidiaries were responsible for the manufacture of both refractory and friction asbestos products.
Refractory products were manufactured by North American Refractories Company (NARCO) which Honeywell owned from 1979-1986. These products consisted of heat resistant materials used to line high-temperature furnaces, reactors, and other processing units.
Friction products were manufactured by Honeywell’s Bendix friction-materials business. These products included automotive brake parts composed of encapsulated chrysotile asbestos. Among the products produced by Allied Signal, Inc. and/or its subsidiaries that may have contained asbestos are:
NARCO Products That Contained Asbestos
|CM Gun Mix||1963-1973|
|CM-18 Gun Mix||1963-1977|
|MC Gun Mix||1963-1975|
|Narcocast Es Fine Trowel||1963-1977|
|Narmag 60 DBRC||1970-1980|
|Narcmag OH Gun Mix||1974-1976|
|Super 505 Hot Gun||1964-1977|
Bendix Products That Contained Asbestos
Occupations at Risk for Asbestos Exposure
Studies in both animals and humans have demonstrated an increased risk for some types of cancer, including mesothelioma, as a result of exposure to asbestos. Furthermore, the majority of mesothelioma cases have been shown to be directly linked to occupational exposure to asbestos.
Individuals who worked with or in close proximity to refractory and/or friction products produced by Allied Signal, Inc. and/or one its subsidiaries were most likely exposed to asbestos. Those at risk may include:
Individuals involved in the manufacturing and distribution of these products (e.g., plant workers)
Individuals involved in a variety of industries and occupations including oil refineries, industrial plants, and powerhouse construction where there was a demand for heavy-duty, high-temperature applications such as blast furnaces, ovens, kilns, and boilers
Individuals who worked aboard US navy ships
Individuals exposed to these products in their home environment while conducting home renovations/repairs or self repairs on automobiles
Family members of any of the aforementioned individuals who may have come into contact with asbestos-contaminated garments
When assessing the potential health risks of asbestos—the association between asbestos exposure and the development of illness such as asbestosis, lung cancer and mesothelioma - key factors to consider are the level and duration of exposure. If you or someone you know may have been exposed to asbestos, it is important to seek a medical consultation as soon as possible as the symptoms of asbestos-related diseases often do not present themselves until 30 years or more after the time of initial exposure.
As of the year ending December 31, 2009, Honeywell International Inc. reported asbestos-related liabilities of $1.69 billion. This estimate was based on the approximately 260,000 current claims pending against NARCO with liabilities estimated at $1.13 billion. Current and future asbestos claims will be dealt with through a trust established under NARCO’s bankruptcy reorganization plan. In addition, Bendix-related asbestos claims were estimated at $566 million. Approximately 152,000 Bendix-related asbestos claims have been resolved by Honeywell from the time period of 1981 through year end 2009.
Honeywell posted full-year 2010 sales of $33.4 billion—an increase of 8% from 2009. The company’s 2011 outlook projects sales between $35 and $36 billion.Sources