NEW YORK, Jan. 11 /PRNewswire/ -- "I am pleased to announce that Haas TCM Inc. and its subsidiaries, Kemfast Aerospace Group, Ltd. and Kemfast, Ltd (collectively Kemfast) and its MC Technologies division have combined with an affiliate of The Jordan Company, L.P. to form Haas TCM Group Inc. ICMS Holdings, Inc. (d/b/a Avchem, Inc.), an existing portfolio company of Jordan, will be integrated with Haas TCM Group Inc. The focus of these businesses is to provide chemical management services on a global basis to a wide range of industries including aerospace, automotive, electronics, health care and other markets, as well to government agencies such as the U.S. Defense Logistics Agency," stated Dean M. Willard, Chairman of the Board of Haas TCM Group Inc.
The combined businesses achieved revenues of approximately $300 million in 2007 and create the largest global provider of chemical management services. Haas TCM Group Inc. currently operates in 15 countries throughout the world and plans to expand its global footprint to meet the needs of its customers.
"We are very excited to become a portfolio company of The Jordan Company. The formation of Haas TCM Group Inc. is consistent with our strategy to grow in chemical management services. We also look forward to integrating Avchem into Haas TCM Group Inc. We will have greater access to capital which will enable us to expand our global footprint and service offerings," stated Thad Fortin, Chief Executive Officer of Haas TMC Group Inc.
Haas TCM Inc. (http://www.haastcm.com) is headquartered in West
Chester, Pennsylvania USA. Kemfast (http://www.kemfast.com) is
headquartered in Ringwood, United Kingdom and MC Technologies
(http://www.maxcomonline.com) is based in Tucson, Arizona, USA. They
currently provide chemical lifecycle management services
|SOURCE Haas TCM Group Inc.|
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