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News & Events Chemical Management firms Link Up — By
Tim Sullivan As printed on Wednesday, October 9, 2002 of the LUBE
REPORT news Officials said the deal unites businesses with complementary strengths and customer bases. Haas has focused on aiding the automotive industry with chemical usage and waste reduction, while TCM has specialized in providing procurement, logistics and health and safety services to aerospace and defense clients. “It's the fit of our two companies that really underscores our excitement,” said Thad Fortin, CEO of Haas TCM. “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.” Both companies have boasted that their lack of ties to particular brands ensures that their customers receive unbiased advice about selection of lubricants and other products. The acquisition roughly doubles the size of Haas, creating a company with 250 employees and annual revenues of $100 million. Haas will continue to be based in West Chester, Pa. TCM was based in Austin, Texas.
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