Abex Corporation

Abex Corporation’s History with Asbestos

In 2001, Pneumo Abex filed for bankruptcy and reorganization because of mounting asbestos lawsuits. The reorganization plan required the company to establish an asbestos trust fund to process outstanding and future asbestos claims.

Pneumo Abex Asbestos Claims Settlement Trust

Abex’s successor companies set up the Pneumo Abex Asbestos Claims Settlement Trust in 2011 to handle asbestos-related claims.

The trust fund was established with an estimated $307 million to compensate people who develop asbestos-related diseases because of exposure to Abex products.

In 2018, the trust was part of a dispute between PepsiCo Inc. and Eaton Corp., which acquired Abex’s liability when it bought Cooper Industries in 2012 (Cooper bought Abex Friction Products in 1994).

Eaton was ordered to pay $293 million into the Pneumo Abex asbestos trust because of a lawsuit filed by Pepsi claiming the trust wasn’t funded with enough money to handle future claims.

Pepsi officials said the lack of funds put Pepsi in a position to be sued in the future because of a prior indemnity agreement between Pepsi and Pneumo Abex.

Asbestos Litigation Involving Abex Corporation

Abex has faced thousands of personal injury and wrongful death lawsuits because its asbestos products caused workers to develop asbestos-related illnesses.

Pneumo Abex continues to handle asbestos lawsuits that fall outside the coverage of the Pneumo Abex Asbestos Claims Settlement Trust.

Occupations Exposed to Abex’s Asbestos Products

These workers have an elevated risk of developing mesothelioma and other asbestos-related diseases because they were exposed to asbestos through Abex’s products. Abex employees were also at risk of exposure to asbestos insulation at the factory that may have been found in machinery, equipment and building materials.

Abex Corp. Superfund

In 1990, the U.S. Environmental Protection Agency declared the old Abex plant in Portsmouth, Virginia, and surrounding areas a Superfund site after discovering soil contamination that included asbestos and lead. Several nearby neighborhoods and a playground contained contaminated soil resulting from work performed at the facility.

Throughout the late 1980s and the 1990s, the agency ordered Abex to clean up sections of the facility and surrounding areas. In March 2000, soil cleanup within 700 feet of the facility’s foundry was completed.

In 2001, a new phase of cleanup began to determine how far contamination from the Abex facility had spread. By April 2015, the EPA approved a Remedial Investigation and Feasibility Study regarding the spreading of contamination.

The remedial investigation was finished in April 2019, but the feasibility study hasn’t been completed.

Abex Company History

In 1902, five manufacturers with patents for railroad brake shoes consolidated to form American Brake Shoe & Foundry Co., the predecessor of Abex. The company built an iron factory in Mahwah, New Jersey, that year and began casting brake shoes for railroad cars.

It then expanded into manufacturing brakes for automotive vehicles and planes. In 1966, the company changed its name to Abex to reflect a growing friction product line. Two years later it was acquired by Illinois Central Industries.

The company grew internationally in the 1970s to provide friction products in South America, Europe, the Middle East and Asia. It merged with Pneumo Corporation 1978. 

In 1994, Cooper Industries acquired Abex Friction Products, the division of Abex Inc. that manufactured brakes for train cars, trucks and off-road vehicles. In 1998, Federal-Mogul Corporation acquired both Abex Friction Products and Abex Inc., which continued to manufacture aerospace and industrial products.

Tenneco acquired Federal-Mogul and the Abex business in 2018. Today, the company operates under the name Abex and continues to manufacture heavy-duty brakes.

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