United States Gypsum Company was incorporated on December 27, 1901, and is a subsidiary of USG Corporation. The company was formed by consolidating 30 gypsum and plaster companies. This resulted in forming the first nationwide gypsum company in the United States.
The company is the largest distributor of wallboard in the United States and the largest manufacturer of gypsum products in North America. The company produces the popular SHEETROCK gypsum wallboard as well as the FIBEROCK Brand Panels and SECUROCK Brand Roof Board. In 2008, the company had net sales of US$4.416 billion and a loss of US$462 million. The company operates 21 gypsum board plants in the United States and has 14 gypsum mines and quarries in the United States, Canada and Mexico.
To transport gypsum rock from various quarries, the company owns and operates a fleet of oceangoing cargo ships based in Bermuda.
USG is a major consumer of synthetic gypsum, a byproduct of flue-gas desulfurization. The company operates seven paper mills that produce high-grade wallboard paper from 100% recycled paper.
In 1999, a record 25 USG plants exceeded 1,000,000 safe hours, and 39 plants worked 1,000 days without a lost workday. In the 75-year history of the safety sentinel program, USG has been awarded the MSHA's "Sentinels of Safety" award 15 times - more than any other company.
In its October 2004 issue, Chicago magazine named USG as one of the 25 best companies to work for in the Chicago metropolitan area.
In 2006, Fortune magazine ranked USG #1 in the most admired companies in the building materials, glass industry with an overall score of 7.25.
In 2008, the US mortgage crisis and the sharp decline in residential construction contributed to USG's $463M net loss.
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