Set forth below is a description, as of May 31, 2017, of our principal facilities which we believe are material to our operations:
Square Feet Of
Pleasant Prairie, Wisconsin
Toronto, Ontario, Canada
Tipp City, Ohio
Hudson, North Carolina
Wood Finishes Group (Specialty)
Cherry Hill, New Jersey
Lake Charles, Louisiana
Birtley, United Kingdom
Somerset, New Jersey
Wigan, Lanc, United Kingdom
Maple Shade, New Jersey
Martinsburg, West Virginia
Vaughan, Ontario, Canada
Legend Brands (Specialty)
Lake Charles, Louisiana
We lease certain of our properties under long-term leases. Some of these leases provide for increased rent based on an increase in the cost-of-living index. For information concerning our rental obligations, see Note K, “Leases” of the Notes to Consolidated Financial Statements, which appears in the 2017 Annual Report to Stockholders and is incorporated herein by reference. Under many of our leases, we are obligated to pay certain varying insurance costs, utilities, real property taxes and other costs and expenses.
We believe that our manufacturing plants and office facilities are well maintained and suitable for our operations.
Item 3. Legal Proceedings.
Asbestos Litigation and the Bankruptcy Filings by SPHC and Bondex
On May 31, 2010, Bondex and its parent, SPHC, filed voluntary petitions in the United States Bankruptcy Court for the District of Delaware to reorganize under chapter 11 of the U.S. Bankruptcy Code. SPHC is the parent company of Bondex and also serves as the parent company for various operating companies that are not part of the reorganization filing, including Chemical Specialties Manufacturing Corp., Day-Glo Color Corp., Dryvit Systems, Inc. through Dryvit Holdings, Inc., Guardian Protection Products Inc.,
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