If it was, was that a bad thing? I would argue it was sure inconvenient for paint companies but a net gain to society. Perhaps some level of funding should be given to these companies as we take their rights away - and perhaps not, depending on how foreseeable and expensive their issues were - but the fact is, sometimes we as a society need to force them to make changes.
To my mind, it's not redistribution because the point is not to take their income away, the point is that it's time to stop. Yes, that will have an effect on their income. Not doing it will have a much higher dollar cost, and the company won't pay it directly but the country sure will.