Hercules Chemical Company
Encyclopedia
Hercules Chemical Company Inc. is a manufacturing company located in Passaic, New Jersey
, United States
. The company manufactures a variety of plumbing products targeted toward plumbing professionals.
. In the 1970s, it received freight on the Raritan River Railroad
In 1994, the company moved its offices to Passaic
, New Jersey
and became an Employee Stock Ownership Plan (ESOP) company a year later. Hercules purchased Cloroben Chemical Company, a manufacturer of drain cleaning products and consolidated manufacturing in Passaic in 1999. The company earned ISO 9001 registration in 2003 and is currently certified to ISO 9001:2008.
http://www.pmmag.com/CDA/Articles/Breaking_News/BNP_GUID_9-5-2006_A_10000000000000406821
The company successfully emerged from bankruptcy on December 22, 2009 with the confirmation of its plan of reorganization by the State Bankruptcy Court for the District of New Jersey. The key result of the confirmation was that the company no longer had any asbestos-related liabilities or obligations. All present and future asbestos-related claims against the company are forever channeled to an independent asbestos trust.
Passaic, New Jersey
Passaic is a city in Passaic County, New Jersey, United States. As of the 2010 United States Census, the city had a total population of 69,781, maintaining its status as the 15th largest municipality in New Jersey with an increase of 1,920 residents from the 2000 Census population of 67,861...
, United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. The company manufactures a variety of plumbing products targeted toward plumbing professionals.
History
Hercules Chemical Company was founded in 1915 by Sam Wander in New York CityNew York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
. In the 1970s, it received freight on the Raritan River Railroad
Raritan River Railroad
The Raritan River Rail Road was a twelve-mile shortline railroad founded in 1888 and based in South Amboy, New Jersey, U.S., which ran as far as New Brunswick, New Jersey. It served both passengers and freight in its heyday and operated profitably throughout much of its existence...
In 1994, the company moved its offices to Passaic
Passaic
-In New Jersey:*Passaic, New Jersey, a city in Passaic County*Passaic County, New Jersey*Passaic River, a river in northern New Jersey*Glacial Lake Passaic, a prehistoric proglacial lake-Historical events:...
, New Jersey
New Jersey
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...
and became an Employee Stock Ownership Plan (ESOP) company a year later. Hercules purchased Cloroben Chemical Company, a manufacturer of drain cleaning products and consolidated manufacturing in Passaic in 1999. The company earned ISO 9001 registration in 2003 and is currently certified to ISO 9001:2008.
Innovation
In 2002 Hercules co-founded OateySCS, a supply chain organization used by plumbing wholesalers to order Hercules, Oatey, and other major brands of plumbing products from a single source. http://www.supplyht.com/Articles/Column/f51568008d278010VgnVCM100000f932a8c0____Products
- Sta Put (1962) – Plumber’s putty used for leak-proof installation of sinks, drains and faucets
- Clobber (1963) – Sulfuric acid product used to unblock drains and waste lines by using heat to decompose organic matter
- Pro Poxy 20 (1983) – Two-part sticky-type epoxy compound used for emergency plumbing repairs
- Johni Ring (1988) – Anti bacterial and anti mold wax toilet rings
- Hercules For Hands (1995) – Anti-bacterial pre moistened hand towels
- Megaloc (1996) – Multi-purpose thread sealant used to prevent leaks in threaded pipe connections, Uses DuPontDuPontE. I. du Pont de Nemours and Company , commonly referred to as DuPont, is an American chemical company that was founded in July 1802 as a gunpowder mill by Eleuthère Irénée du Pont. DuPont was the world's third largest chemical company based on market capitalization and ninth based on revenue in 2009...
Kevlar fibers for strength - Sta Put Ultra (2007) – Non staining plumber’s putty
- Cryo-tek (1990) – Non-toxic anti-freeze and corrosion inhibitor for hydronic heating systems
Bankruptcy
On August 22, 2008 the company filed a voluntary petition for Chapter 11 reorganization. The filing was made for the sole purpose of facilitating a comprehensive resolution for over 7,000 asbestos lawsuits filed against the company. The company expected to continue operations without interruption during the reorganization process.http://www.pmmag.com/CDA/Articles/Breaking_News/BNP_GUID_9-5-2006_A_10000000000000406821
The company successfully emerged from bankruptcy on December 22, 2009 with the confirmation of its plan of reorganization by the State Bankruptcy Court for the District of New Jersey. The key result of the confirmation was that the company no longer had any asbestos-related liabilities or obligations. All present and future asbestos-related claims against the company are forever channeled to an independent asbestos trust.