Hercules Chemical Company

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.
History
Hercules Chemical Company was founded in 1915 by Sam Wander in New York City.
In 1994, the company moved its offices to Passaic 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 operations 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.
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 DuPont 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.
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.
Sale of Assets
On December 30, 2011, Hercules Chemical Co., Inc. completed a transaction with HCC Holdings, Inc., a wholly owned subsidiary of Oatey Company, for the sale of substantially all of its assets.

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