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Synkoloid Company

  • Year Founded: 1894

The Synkoloid Company manufactured asbestos-containing construction materials, including joint compound. Lawsuits stemming from the products forced two companies that acquired it into bankruptcy. A trust fund with $2.5 million was created to handle future claims.

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Synkoloid’s History with Asbestos

Synkoloid Company was a New Jersey-based manufacturer of paints, varnishes, adhesives and asphalts. The company developed an extensive line of products between 1949 and 1976 that contained high levels of asbestos.

Synkoloid Company Facts:
  • Founded: 1894
  • Years Operated: 1894 — Present
  • Headquarters: Bayonne, New Jersey
  • Business: Painting, patching and wood finishing supplies
  • Asbestos Trust: Yes
  • Bankruptcy Status: Filed May 20, 2003, and reorganized Jan. 24, 2007

Artra Group acquired Synkoloid Company in 1975 and became responsible for Synkoloid’s asbestos lawsuits, beginning with those filed in 1962. By the end of 2000, Artra had been a defendant in 46,000 lawsuits involving Synkoloid products.

In 1981, Muralo Company Inc. purchased the majority of assets of the Synkoloid Company and agreed to take on any future claims against Synkoloid. However, it refused to take responsibility for any products manufactured before 1981.

The Synkoloid Company remained an active division of Muralo until 2014, when Muralo sold many of its holdings to California Products Corporation. Synkoloid Company no longer exists as a business entity, but California Products continues to sell Synkoloid-brand products that are free of asbestos.

Bankruptcy and Asbestos Trust Fund

Because Muralo did not use asbestos in any products, the asbestos lawsuits fell to Artra. Artra continued to take on the suits until it filed for bankruptcy protection in 2002.

After Artra went bankrupt, plaintiffs began suing Muralo for Synkoloid product injuries. Because of its small size, Muralo was unable to defend itself against the flow of lawsuits and filed for bankruptcy protection in 2003. By then, the company had been named as a defendant in over 60,000 asbestos-related lawsuits stemming from Synkoloid products.

Both Artra and Muralo reorganized in 2007. As part of a settlement between the two companies, Muralo’s insurers contributed $2.5 million to the Artra Asbestos Trust, which works to settle all asbestos lawsuits against the Synkoloid Company.

Each asbestos trust fund sets a payment percentage that it will pay for the value of a claim to keep enough funds in the trust to pay future claims. In 2018, the trust’s payment percentage was adjusted to 0.50%, which is among the lowest of all the asbestos trust funds.

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Lawsuits involving Synkoloid’s asbestos products have been filed by plaintiffs diagnosed with asbestosis, mesothelioma and lung cancer.

In 2002, John Henry Pace filed a lawsuit against Synkoloid for damages after being diagnosed with asbestosis. Pace was a self-employed contractor throughout the 1960s and early 1970s. During this time, he often used the company’s asbestos-containing product line, specifically Synkoloid Triple Duty Joint Compound.

Synkoloid began making the asbestos-containing joint compound in 1949, and in 1969, a supplier informed the company of the deadly health effects of asbestos. Despite the new information, Synkoloid continued manufacturing the product with asbestos until 1975.

Pace won his case and was awarded more than $2 million for medical expenses and mental and physical suffering.

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Synkoloid’s Asbestos Products

Synkoloid manufactured the following asbestos-containing products:

  • EZE-Tex Texture

  • Cement Patch Tex-Add

  • Flexi-Patch

  • Kool-Kap Roof Coating

  • Plastibond

  • Prime ’N Fill

  • Snohide

  • Stucco ’N Cement Patch

  • Surface Conditioner

  • Synkoloid Triple Duty Joint Compound

  • Synko-Topping Triple Duty Joint Compound

  • Tex-Wall

  • Vinyl Prep Mix

  • Vinyl Tex-Wall Surface Condition Paste

Occupations at Risk of Exposure to Synkoloid’s Asbestos Products

The following occupations were at risk of exposure to asbestos through Synkoloid’s products:

  • Carpenters

  • Construction workers

  • Drywall workers

  • Maintenance workers

  • Inspectors

  • Painters

  • Plasterers

  • Plumbers

Synkoloid actively marketed its products to painting contractors, carpenters, drywall finishers and plasterers. Because of this targeting, workers in the construction industry used the company’s products most frequently.

The company stopped using asbestos in its products in 1975, but older homes and buildings may still hold asbestos-containing Synkoloid products.

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Writer

Joining the team in February 2008 as a writer and editor, Michelle Whitmer has translated medical jargon into patient-friendly information at Asbestos.com for more than eight years. Michelle is a registered yoga teacher, a member of the Academy of Integrative Health & Medicine, and was quoted by The New York Times on the risks of asbestos exposure.

Walter Pacheco, Managing Editor at Asbestos.com
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8 Cited Article Sources

The sources on all content featured in The Mesothelioma Center at Asbestos.com include medical and scientific studies, peer-reviewed studies and other research documents from reputable organizations.

  1. D’Onofrio, M. (2019, January 17). Jobs to be cut at Bayonne paint company.
    Retrieved from: https://www.nj.com/hudson/2014/07/muralo_paints_company_lay_offs_downsizing_california_products_corporation_bayonne_july_2014.html
  2. Artra Asbestos Trust. (2018). Notice of Payment Percentage Adjustment.
    Retrieved from: http://www.artratrust.com/wp-content/uploads/2018/05/a28220a07aff9a43e0a3600239fa6534.pdf
  3. PCI. (2014, November 16). PaintSolutions Acquires Synkoloid Brands from Muralo Paint.
    Retrieved from: https://www.pcimag.com/articles/99862-paintsolutions-acquires-synkoloid-brands-from-muralo-paint
  4. Manta. (2012). Company Profile Page: Synkoloid.
    Retrieved from: http://www.manta.com/c/mm7t5j6/synkoloid
  5. Plevin, M.D., Kalish, P.W. and Epley, L.A. (2005). Where Are They Now, Part Three: A Continuing History Of The Companies That Have Sought Bankruptcy Protection Due To Asbestos Claims.
    Retrieved from: http://www.crowell.com/documents/DOCASSOCFKTYPE_ARTICLES_419.pdf
  6. The Free Library. (2003). Muralo files voluntary Chap. 11 to resolve asbestos claims.
    Retrieved from: http://www.thefreelibrary.com/Muralo+files+voluntary+Chap.+11+to+resolve+asbestos+claims.+(As+We+Go...-a0104521869
  7. Mornal, K. (2002). John Henry Pace v. The Synkoloid Co.
    Retrieved from: http://morelaw.com/verdicts/case.asp?n=99-4393-C&s=TX&d=17753
  8. Justia. (1965). Avalon Painting Co. v. Alert Lbr. Co. 234 Cal. App. 2d 178. Retrieved from: http://law.justia.com/cases/california/calapp2d/234/178.html
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Last Modified September 4, 2020

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