National Gypsum

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National Gypsum Company is a company based in Charlotte, North Carolina, that produces drywall gypsum boards in the US. It has 17 gypsum board plants in the US and presents itself as a fully integrated building products manufacturer. [1] It is a private company, incorporated as New NGC, Inc. in 1993 after previously filing for Chapter 11 bankruptcy in 1990. [2] In 1995, Clemmie Spangler took over National Gypsum for $1.2 billion, through Delcor Inc., a private investment company controlled by him. [3] Spangler had been chairman of National Gypsum and owned 20% of the company, and his family went on to own the whole company. [3] [4]

It is one of the six producers which hold approximately 81% of the worldwide wallboard market (Georgia Pacific, Knauf, Continental Building Products, National Gypsum, Saint-Gobain, and Yoshino Gypsum Co., Ltd). [5]

Subsidiary National Gypsum (Canada) Ltd. operates the largest open-pit gypsum mine in the world in Milford Station, Nova Scotia.

The company was founded in 1925 by Melvin H. Baker, Joseph F. Haggerty, and Clarence E. Williams. [6]

References

  1. ↑ "National Gypsum Overview". nationalgypsum.com. 2015-06-24. Retrieved 2017-05-26.
  2. ↑ "National Gypsum bankruptcy". Simmons Hanly Conroy. 8 November 2023.
  3. 1 2 Gilpin, Kenneth N. (17 May 1995). "Gypsum Accepts Sweetened Bid Of $1.2 Billion". The New York Times . Retrieved 28 July 2018.
  4. ↑ "Excellence Across the Board - CLT Biz". clt.biz. Retrieved 28 July 2018.
  5. ↑ "EXCERPT FROM THE 2007 ANNUAL REPORT: INFORMATION ON LAFARGE - 3.3 Business description - Gypsum" (PDF). 2011-05-25. Retrieved 2017-05-26.
  6. ↑ "History". nationalgypsum.com. 2015-06-24. Retrieved 2017-05-26.
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