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Defunct boiler maker, crippled by asbestos claims, files for bankruptcy again

Jessica Karmasek Aug. 19, 2015, 11:16am

Defunct boiler manufacturer Oakfabco, formerly known as Kewanee Boiler Corporation, has filed for bankruptcy -- the second time in less than 30 years -- and is looking to establish a trust for the asbestos claims that have crippled it, including the 3,400 active cases it is currently facing.