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2. FabuGlass, Inc. and Crigler & Co.
Petitioner changed the name of B.F. Lists to FabuGlass, Inc.
(FabuGlass), in 1985, and he changed the name of FabuGlass to
Crigler & Co. in 1996.1
Petitioner owned all of the stock of FabuGlass from 1987-98.
The articles of incorporation adopted in 1985 state that
FabuGlass was formed to manufacture, market, and distribute
fiberglass-reinforced plastic products, accessories, and related
items.
3. FabuGlass’ Activities
FabuGlass manufactured fiberglass Jeep tops and related
parts in 1985 and 1986 at the Conway premises. FabuGlass had
serious business problems in 1985 and 1986 which petitioner tried
to correct. In August 1987, FabuGlass agreed to supply Pender
Boat Co. (Pender), a North Carolina company, with fiberglass
molds for Jeep parts, and Pender agreed to furnish Jeep parts to
FabuGlass. FabuGlass bought sixteen fiberglass Jeep parts from
Pender in October and November 1987. Petitioner was not
satisfied with the parts that Pender produced. Drug Enforcement
Administration (DEA) officials in North Carolina apparently
confiscated FabuGlass’ molds from Pender on a date not stated in
the record.
1 For purposes of this opinion, we refer to the entity
originally known as B.F. Lists as FabuGlass for all years.
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