Republic Powdered Metals Asbestos Trust Claims
Republic Powdered Metals, Inc. asbestos claims are handled through the asbestos personal-injury trust established by the joint reorganization of Specialty Products Holding Corp. (SPHC), Bondex International, Inc., Republic Powdered Metals, Inc. and NMBFiL, Inc. Republic does not have a separately funded stand-alone asbestos trust account under the governing SPHC Trust Distribution Procedures. The TDP expressly includes Republic Trust Claims together with SPHC and Bondex claims. The current official Bondex/SPHC Payment Percentage is 29.5%, effective January 4, 2024.
Republic Powdered Metals Trust Facts
| Company | Republic Powdered Metals, Inc. |
|---|---|
| Chapter 11 petition | August 31, 2014 |
| Bankruptcy case | U.S. Bankruptcy Court, District of Delaware, Case No. 14-12028 |
| Joint Plan confirmation | December 10, 2014 |
| Plan effective date | December 23, 2014 |
| Governing claim procedures | Specialty Products Holding Corp. Asbestos Personal Injury Trust Distribution Procedures |
| Republic claim treatment | Republic Trust Claims are included with SPHC and Bondex Trust Claims under the SPHC TDP |
| Separate Republic funding allocation | No separate amount was specifically allocated to Republic claims, according to RPM International’s SEC correspondence |
| Current published Payment Percentage | 29.5%, effective January 4, 2024 |
| Claims processor | Claims Processing Facility, Inc. (CPF) |
| Current status | Claims process active through CPF |
Republic Claims and the Bondex/SPHC Trust
The Republic Powdered Metals page requires an important legal distinction. The governing TDP is titled the Specialty Products Holding Corp. Asbestos Personal Injury Trust Distribution Procedures. It states that the procedures were established under the Joint Plan involving SPHC, Bondex, Republic and NMBFiL and that they resolve SPHC Trust Claims, Bondex Trust Claims and Republic Trust Claims.
RPM International later told the Securities and Exchange Commission that asbestos claims against Republic were included in the Bondex/SPHC trust and that no amount was specifically allocated to Republic claims. Accordingly, this page does not portray Republic as having a separately funded asbestos trust pool with its own independent Payment Percentage.
NMBFiL claims are different. The SPHC TDP expressly excludes NMBFiL asbestos PI claims because those claims are handled under separate NMBFiL Trust Distribution Procedures.
Republic Bankruptcy and Trust History
Bondex International and SPHC entered Chapter 11 in 2010. Republic Powdered Metals and NMBFiL later filed Chapter 11 cases in August 2014 so their pending and future asbestos liabilities could be addressed in the same reorganization framework.
Republic’s case was filed on August 31, 2014 as Case No. 14-12028 in the U.S. Bankruptcy Court for the District of Delaware. The Joint Plan was confirmed on December 10, 2014, and the companies emerged from bankruptcy on the Plan’s December 23, 2014 effective date.
RPM International’s SEC filing states that trusts were established under section 524(g) and assumed responsibility for current and future asbestos personal-injury claims involving Bondex, SPHC, Republic and NMBFiL.
The same SEC record reports that the overall trust structure was initially funded with $450 million in cash plus a promissory note. That amount is historical funding for the broader reorganization structure, not current Republic trust assets and not a Republic-only allocation.
Disease Values for Republic Claims
The official SPHC/Bondex claim materials publish the following domestic Scheduled, Average and Maximum Values:
| Disease Level | Scheduled Value | Average Value | Maximum Value |
|---|---|---|---|
| VIII — Mesothelioma | $80,000 | $125,000 | $300,000 |
| VII — Lung Cancer 1 | $33,333 | $50,000 | $120,000 |
| VI — Lung Cancer 2 | N/A | $9,250 | $22,000 |
| V — Other Cancer | $6,667 | $10,000 | $24,000 |
| IV — Severe Asbestosis | $16,667 | $25,000 | $60,000 |
| III — Asbestosis/Pleural Disease | $2,500 | N/A | N/A |
| II — Asbestosis/Pleural Disease | $800 | N/A | N/A |
| I — Other Asbestos Disease | $70 Cash Discount Payment | N/A | N/A |
The TDP permits the Trust, with required consent, to change valuation amounts for good cause. Claimants should therefore use the current CPF claim materials when filing.
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Current 29.5% Payment Percentage
CPF’s official January 11, 2024 announcement states that the Trustees approved an increase in the Bondex Asbestos Personal Injury Trust Payment Percentage from 22% to 29.5%, effective January 4, 2024.
Because Republic Trust Claims are resolved under the same SPHC/Bondex TDP, this is the applicable published percentage used for the claim framework described on this page. It should not be confused with the separate NMBFiL Payment Percentage.
A Payment Percentage is applied after a qualifying claim is liquidated under the governing procedures. It does not mean every claimant receives the same dollar payment.
Republic Asbestos Exposure History
Republic’s asbestos history has two potentially confusing corporate threads. A predecessor corporation bearing the Republic Powdered Metals name acquired The Reardon Company in 1966. Federal appellate records describe Reardon as a manufacturer of paint and drywall products later discovered to contain asbestos.
In the 1972 corporate restructuring, the Republic Powdered Metals name was used for a subsidiary engaged in the roofing business, while Bondex became the subsidiary associated with the Reardon product line. RPM International’s SEC correspondence explains these corporate name changes and cautions that Republic was sometimes named in asbestos cases because of name confusion.
The bankruptcy disclosure record nevertheless identifies historical Republic roofing and exterior-maintenance products that contained asbestos into the mid-to-late 1980s. A Republic claim therefore should be supported by evidence connecting the claimant to qualifying Republic exposure rather than relying solely on exposure to a Bondex product or on the similarity of company names.
Claim Filing and Review
Republic claims are processed through CPF under the SPHC TDP. The official materials provide claim forms, filing instructions, product information, presumptive Significant Occupational Exposure materials and other trust-specific documents.
Claims may be evaluated through Expedited Review when the applicable presumptive criteria are met or through Individual Review when required or elected under the TDP. Lung Cancer 2 does not have a Scheduled Value and is handled through Individual Review.
A claimant generally must provide medical evidence supporting a compensable asbestos-related disease and exposure evidence sufficient to meet the applicable Republic/SPHC TDP requirements. Product, employment and exposure histories should identify the responsible entity as accurately as possible because Republic, SPHC and Bondex have intertwined corporate histories but are not interchangeable companies.
Mathematical Payment Examples
Mathematical illustration only — not a guaranteed payment.
- Mesothelioma Scheduled Value: $80,000 × 29.5% = approximately $23,600.
- Lung Cancer 1 Scheduled Value: $33,333 × 29.5% = approximately $9,833.24.
- Other Cancer Scheduled Value: $6,667 × 29.5% = approximately $1,966.77.
- Severe Asbestosis Scheduled Value: $16,667 × 29.5% = approximately $4,916.77.
Individual Review values are determined claim by claim and may differ from Scheduled Values. Average and Maximum Values are valuation parameters, not promised settlements. Disease Level I is identified as a $70 Cash Discount Payment and should not be treated as an ordinary Scheduled Value multiplied mechanically by the Payment Percentage.
Confirmed Primary Sources for Trust Facts
No law-firm or lead-generation website was used as factual authority for this page. Primary and official sources reviewed include:
- Claims Processing Facility official Bondex/SPHC claims portal.
- Official Specialty Products Holding Corp. Asbestos Personal Injury Trust Distribution Procedures.
- Official CPF Bondex claim packet containing disease values and claim procedures.
- Official CPF January 2024 Payment Percentage announcement increasing the rate to 29.5%.
- RPM International SEC filing describing Republic’s Chapter 11 case, Plan confirmation, effective date and section 524(g) trust structure.
- RPM International SEC correspondence explaining Republic’s corporate history and confirming that Republic claims were included in the Bondex/SPHC trust without a separate Republic allocation.
- SEC-filed settlement term sheet covering SPHC, Bondex and Republic Powdered Metals.
- Federal appellate record describing Republic, Reardon and asbestos-related product liability litigation.
Related Asbestos Trust Fund Resources
Asbestos Trust Fund Information
Republic Claim Filing and Eligibility
- Official CPF Bondex/SPHC claim portal
- Official SPHC Trust Distribution Procedures
- Official claim packet
Payments and Bankruptcy History
- Official 29.5% Payment Percentage announcement
- SEC bankruptcy and trust disclosure
- SEC Republic trust-allocation disclosure
Frequently Asked Questions About Republic Powdered Metals Asbestos Claims
Does Republic Powdered Metals have a separate asbestos trust?
Republic asbestos claims are included in the Bondex/SPHC asbestos trust structure. RPM International told the SEC that no amount was specifically allocated to Republic claims, so this page does not describe a separately funded Republic-only trust.
When did Republic Powdered Metals file Chapter 11?
Republic Powdered Metals filed Chapter 11 on August 31, 2014 in the U.S. Bankruptcy Court for the District of Delaware.
What is the current published Payment Percentage?
CPF’s official notice increased the Bondex/SPHC Payment Percentage from 22% to 29.5%, effective January 4, 2024.
What is the Mesothelioma Scheduled Value?
The official SPHC/Bondex claim materials list an $80,000 Scheduled Value, $125,000 Average Value and $300,000 Maximum Value for domestic Mesothelioma Level VIII claims.
What does 29.5% of the Mesothelioma Scheduled Value equal?
$80,000 multiplied by 29.5% equals approximately $23,600. This is a mathematical illustration only — not a guaranteed payment.
Does Lung Cancer 2 have a Scheduled Value?
No. The official schedule lists no Scheduled Value for Lung Cancer 2, with a $9,250 Average Value and $22,000 Maximum Value under Individual Review.
Who processes Republic Powdered Metals asbestos claims?
Claims Processing Facility, Inc. provides the authorized claim-processing resources for the Bondex/SPHC claim process that includes Republic Trust Claims.
Are Republic and Bondex the same company?
No. Their histories are related through RPM’s corporate structure and the Reardon acquisition, but the companies and product histories should be distinguished when documenting exposure.
Get Help Reviewing a Republic Powdered Metals Asbestos Claim
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A connection to Republic Powdered Metals, RPM, Reardon or Bondex does not automatically establish asbestos exposure, trust eligibility or compensation. Eligibility depends on diagnosis, qualifying exposure evidence, the responsible entity or product, current trust procedures, review method and individual circumstances. Compensation is not guaranteed.
⚕️ Legal & Medical Information Disclaimer
This page provides general educational information and is not medical or legal advice. The information does not establish asbestos exposure, diagnosis, causation, liability, claim eligibility or compensation. Medical concerns should be discussed with a qualified healthcare professional, and legal questions should be reviewed with a qualified attorney.