Founded in 1858, Johns Manville is an American corporation based in Denver, Colorado that manufactures insulation, roofing materials, and engineered products. For much of the 20th century, the then-titled Johns-Manville Corporation was the global leader in the manufacture of asbestos-containing products, including pipe insulation, asbestos shingles, asbestos roofing materials and asbestos cement pipe. Johns Manville has been known colloquially by the shorthand "J-M" or simply as "JM".
Johns Manville stock was included in the Dow Jones Industrial Average from January 29, 1930 to August 27, 1982 when it was replaced by American Express. In 1981, Johns-Manville Corporation was renamed simply "Manville". In 1982, facing unprecedented liability for asbestos injury claims, Johns Manville voluntarily filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code.
Berkshire Hathaway bought the company in 2001. Chairman & CEO Jerry Henry retired in 2004; Steve Hochhauser became Chairman, President & CEO. Todd Raba succeeded him in the summer of 2007; Raba came from Mid-American Energy Holdings, another Berkshire Hathaway company.
Famous quotes containing the word johns:
“In love’s deep womb our fears are held;
there God’s rich tears are sown
and bring to birth, in hope new-born,
the strength to journey on.”
—Rob Johns (20th century)