[ noun ] a kind of sealing material that is used to form a hard coating on a porous surface (as a coat of paint or varnish used to size a surface) <noun.substance>
Eagle-Picher was forced into bankruptcy because of mounting lawsuits by people who say they suffered health damage from exposure to an asbestos-containing pipe sealant the company made for ships from 1934 to 1971.
Eagle-Picher's claims stem from worker exposure to an asbestos-based pipe sealant the company made primarily for U.S. government ships from 1934 to 1971.
The entrepreneur "borrowed $4 million four years ago to buy a tile sealant and grouting business that had only four small competitors," says Mr. Simon.
Mr. Benoliel said Quaker plans to enter the adhesives, coatings and sealant businesses and is in talks to acquire manufacturers that are established in the market.