Synkoloid Company is a corporation from Bayonne, New Jersey. Synkoloid manufactures paint, varnish, brushes, bituminous derivatives, asphalt, adhesives, sealants, tape, pitch and Gilsonite. In 1975, Synkoloid was bought by Artra Group. For decades Synkoloid manufactured products that contained toxic asbestos. Asbestos was used because it was inexpensive and a natural insulator. These products were used in both commercial and residential construction projects.
As early as the 1920s, physicians recognized that exposure to asbestos caused severe sickness when asbestosis was identified by British medical journals. At the same time, insurance companies in the United States and Canada stopped selling life insurance to asbestos workers. Moreover, safer substitutes for most asbestos uses were known as early as the 1930s. Nevertheless, Synkoloid chose to protect its substantial profit margins rather than discontinue use of the mineral.
Additionally, the asbestos fibers remain in a person’s lungs for years and symptoms may not develop for decades. Thus, Synkoloid’s victims might live for decades without knowing of the deadly injury they sustained. Accordingly, Synkoloid’s decision to use asbestos placed the lives of thousands of Americans in grave danger, in particular, those who worked as painters, drywall installers and carpenters.
These products were used in both residential and commercial constructions. The asbestos particles in residential housing can come loose over time, during home maintenance or during remodeling. Thus, the number of individuals placed at risk of developing asbestos-related illness is countless.
In 2002, Synkoloid’s parent corporation, Artra, was forced to file for bankruptcy protection due to the liability, which use of asbestos caused. After emerging from bankruptcy, Artra established the Artra Asbestos Trust to provide redress for pending and future claims. If you or a loved one have been injured by Synkoloid, it is important that you contact The Gori Law Firm immediately for more information on your rights.