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News & Events HAAS Corporation and Radian TCM Merge To Form Haas TCM — the Worlds Largest Independent Chemical Management Services Company West Chester, PA - October 4, 2002 - Two leaders in the young and rapidly growing chemical management services (CMS) industry have merged, creating the world’s largest independent and most diverse CMS company. The Total Chemical Management business of Radian International LLC. was acquired on October 1, 2002, by the Haas Corporation and merged to form Haas TCM. The CMS business is defined by strategic, long-term relationships in which a customer contracts with a service provider to supply and manage their chemicals and related services. The CMS industry was started almost 20 years ago by the automotive and semiconductor industries that outsourced the management of their chemical lifecycle functions to chemical companies. In contrast to these early CMS providers, Haas and Radian entered this market strictly as service providers. Both firms cite chemical product neutrality as a competitive advantage but each entered the business through different markets; Haas through the automotive industry and Radian through aerospace and defense sector. By taking different approaches, each firm developed competencies in different, yet very complimentary components of the chemical lifecycle; Haas in chemical usage and waste reduction and Radian TCM in procurement, logistics and EHS (environmental, health and safety) compliance. As a result, the combination of Haas TCM produces the CMS industry’s best-in-class know how, experience and systems spanning the entire chemical lifecycle. It’s the fit of our two companies that really underscores our excitement. The synergies are incredible and the combined resources give us state-of-the-art tools and the scale to set new standards in the rapidly growing CMS business,” said Thad Fortin, CEO of Haas TCM. Headquartered in West Chester, PA, with over 250 employees, annual revenues of $100 million and operations on three continents, Haas TCM currently provides chemical lifecycle management services to customers in the automotive, aerospace, electronics, semiconductors, defense, metalworking, transportation and heavy manufacturing industries. For more information, please contact: |
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