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Michael Chusid, RA FCSI CCS
Senior Member
Username: michael_chusid

Post Number: 173
Registered: 10-2003

Posted on Monday, July 11, 2016 - 05:05 pm:   Edit PostDelete PostPrint Post

I have have become aware of several disappointing developments related to UL LLC - the for profit company that acquired Underwriters Laboratories, and am curious about the experience others have had:

1. One of my clients spent 6 years on their task team developing sustainability standards for ceilings. UL summarily decided to abandon the project without asking committee members for input in that decision.

2. UL has an inspection program that certifies lightning safety system installation. They now offer certifications for installations that do not meet UL's own standards, for products that do not provide the alleged protection.

What are your impressions of the new company?
Michael Chusid, RA FCSI CCS
www.chusid.com www.buildingproduct.guru
Dewayne Dean
Senior Member
Username: ddean

Post Number: 65
Registered: 02-2016

Posted on Tuesday, July 12, 2016 - 03:33 pm:   Edit PostDelete PostPrint Post

Was UL bought out by a foreign company??
Michael Chusid, RA FCSI CCS
Senior Member
Username: michael_chusid

Post Number: 203
Registered: 10-2003

Posted on Saturday, August 27, 2016 - 11:35 am:   Edit PostDelete PostPrint Post

As far can I can discern, the move to make UL a private company was lead by company management and it is not owned by another company. See http://www.nrc.gov/docs/ML1134/ML113460925.pdf
Michael Chusid, RA FCSI CCS
www.chusid.com www.buildingproduct.guru 818-219-4937
John Bunzick, CCS, CCCA, LEED AP
Senior Member
Username: bunzick

Post Number: 1692
Registered: 03-2002
Posted on Sunday, August 28, 2016 - 04:58 pm:   Edit PostDelete PostPrint Post

According to the letter in the link, the original UL was not acquired, rather the other way around. UL LLC was formed as a subsidiary owned entirely by the UL 501(c)3 non-profit. Thus, UL LLC is not exactly private. I don't know why they did this. As a non-profit, however, no assets are allowed to be transferred out unless they go to another non-profit or governmental entity. I don't know all the ins and outs of this legal structure, but it seems to me that any profits that UL LLC earns must go to the non-profit arm.

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