Yes, Johns Manville is still very much in business and is one of the largest building materials manufacturers in North America. The company, spelled Johns Manville, was founded in 1858 and has operated continuously for over 165 years. After facing massive asbestos litigation that forced it into Chapter 11 bankruptcy in 1982, it reorganized in 1988 by creating the Manville Trust to compensate victims and shifted entirely to non-asbestos products like fiberglass and mineral wool. Since 2001, it has been a wholly owned subsidiary of Berkshire Hathaway, Warren Buffett's investment company, which purchased it for about $1.7 billion and has invested heavily in modernizing its plants. Today Johns Manville employs over 7,000 people and operates manufacturing plants across the United States, including major fiberglass insulation plants in McPherson, Kansas, Defiance, Ohio, and Winder, Georgia, plus roofing and engineered products plants. Its products are sold nationwide at Home Depot, Lowe's, and professional supply houses. The company produces fiberglass batts, Climate Pro blown-in fiberglass, Spider spray-in fiberglass, MinWool mineral wool, polyiso rigid foam boards, and Corbond spray foam. It is a profitable, growing company with no current bankruptcy risk, and all its current insulation products are asbestos-free and formaldehyde-free.
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