It was founded in 1897 by Herbert Frood (1864-1931), with manufacturing starting in Gorton in 1901 and moving to Chapel-en-le-Frith in 1902. Ferodo has been a world leading company dedicated to the design and manufacture of friction products, especially braking materials. It was the first company to use asbestos for brake linings and developed the first modern brake friction materials.
In 1998 Turner & Newall was acquired by the huge automotive group Federal-Mogul. It is now part of Federal-Mogul Aftermarket UK Limited. In 2012 ₤13m was invested in new floors, insulation, low energy heating and new process machines.
Federal-Mogul got into financial difficulties and filed for Chapter 11 protection as a result of asbestos claims. In the United Kingdom the business went into administration in October 2001 leaving a pension fund deficit estimated at £400 million.
The T&N Subfund of the Federal-Mogul Asbestos Trust was organized to pay all valid Asbestos Trust claims for which the T&N Entities have legal responsibility. The Trust was created December 27, 2007 as a result of the confirmation of The Federal-Mogul Chapter 11 Joint Plan of Reorganization.
For claimants whose principal exposure to asbestos was in the United Kingdom or one of several other non-US countries, a UK Asbestos Trust was established to provide for the payment of asbestos claims in addition to the US-focused Asbestos Trust described above. This includes posthumous payments to families of Ferodo factory workers.
Ferodo is famous in Britain for advertising by having the Ferodo brand name painted on railway bridges over main roads.
- Chapel-en-le-Frith Parish Council official guide - also photo of Herbert Frood Archived 2013-12-10 at the Wayback Machine.
- Summary of records held in Derbyshire Archives Office
- History of Asbestos Archived 2012-09-15 at the Wayback Machine., All About Asbestos
- T&N companies, The T&N Asbestos Trust
- Federal-Mogul Corp completes T&N buy
- Buxton Advertiser 11 July 2013 with photo of the refurbished factory
- Federal-Mogul Financial restructuring
- Legal Update Archived 2009-01-07 at the Wayback Machine.
- Business analysis
- Federal-Mogul Asbestos Personal Injury Trust
- Federal-Mogul Corporation Reorganization Web site
- The T&N UK Asbestos Trust
- Alex Hickey, Ferodo worker’s family compensated over asbestos death, Caernarfon Herald, 6 May 2010