Chinese Drywall Bankrupts Construction Firm
Chinese drywall has driven a South Florida construction company into bankruptcy. Homestead-based South Kendall Construction Corp. was riding high just a few years ago, completing homes at the Keys Gate subdivision in Homestead. The company made $4.8 million in gross income in 2008 and $3.8 million in 2007, according to court documents. Then, the homebuilding market crashed and owner Patrick Gleber discovered he had a problem: Dozens of homeowners claimed to have found stinky, high-sulfur Chinese drywall in their homes.