Here’s Why Kelly-Moore Paints Shut Down Stores

The presence of asbestos in various Kelly-Moore products, including bedding cement, Deco-Tex ceiling texture, and several types of joint compounds, has led to numerous lawsuits over the years.

Asbestos was commonly used in many building materials throughout the mid-20th century but is now known to be a significant health hazard linked to diseases such as mesothelioma.

Although Kelly-Moore ceased using asbestos in its products by 1981, and the federal government banned its use in 1989, the company continues to face litigation for past exposures.

In addition to the asbestos-related expenses, Kelly-Moore also had liabilities concerning unpaid sales and use taxes, though the exact amount has not been disclosed. These financial challenges were further compounded when no new funding materialized after the company furloughed 700 employees earlier in the year…