Horsehead Corporation

Sun Capital Partners purchased the company's assets in 2003 for $73.6 million and renamed it Horsehead Corporation which currently produces zinc products processed from recycling and steelmaking waste.

Because of ambiguous deeds, overlapping claims, and misunderstanding over the nature of the ores at Franklin and Sterling Hill, mining companies in the district were in constant litigation.

In 1981, former officials of Gulf and Western's Natural Resources Division led a buyout of New Jersey Zinc and made it a subsidiary of Horsehead Industries, Inc, a reference to the company's logo adopted in 1852.

Saddled with environmental cleanup liabilities, and struggling with cash flow due to record low prices in the early 2000s, Horsehead Industries filed for bankruptcy in 2002.

Subsequent to the bankruptcy filing many shareholders wrote into the court alleging foul play by Greywolf and other members of the ad-hoc group of noteholders.

[5] On April 28, 2019, a fire started at the company's zinc production plant in Mooresboro which forced some residents in the area to evacuate.