Hercules Chemical Company

Template:Infobox 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.

The business has been around since before WWI. They have created interesting inventions with lasting significance, such as a scheme to make acetone and methane from kelp. They were making Agent Orange for the Vietnam war. This suggests significant effects on history, technology, and culture. There may be a Chinese business using the same name.

This article contains content from Wikipedia An article on this subject has been nominated for deletion on Wikipedia: Wikipedia:Articles for deletion/ Hercules Chemical Company Current versions of the GNU FDL article on WP may contain information useful to the improvement of this article

WP+ NO DEL

History

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.

The business has apparently been around since before WWI. They have some interesting inventions with lasting significance, such as a scheme to make acetone and methane from kelp.[3] They were making Agent Orange for the Vietnam war.[4] This suggests significant effects on history, technology, and culture. There may be a Chinese business using the same name.

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.

References

• Hercules Chemical acquires Cloroben. Supply House Times.
• Hercules Chemical Company, Inc. Achieves ISO 9001:2000 Certification. PM Engineer.
• Olsztynski, Jim Olsztynski Editorial: A New Way Of Doing Business. Supply House Times.
• Asbestos Claims Force Hercules Bankruptcy Filing. Plumbing & Mechanical.
• Oatey Acquires Assets of Hercules Chemical Company. PR Newswire.

External links

• Official website
• Company Overview of Hercules Chemical Company, Inc. from Bloomberg Businessweek