Navigation Links
The Jordan Company, L.P. Has Teamed with the Management of Haas TCM Inc. to Form Haas TCM Group Inc.
Date:1/11/2008

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 to over 250 customer locations in the US, Canada, Mexico, Argentina, Brazil, Ireland, United Kingdom, France, Netherlands, Poland, Romania, Italy, Turkey, Israel, and China. Current customers are in the automotive, aerospace, electronic, government, semiconductor, defense, transportation, industrial manufacturing, food and beverage, healthcare, process and energy sectors.

Mark Reighard, Chief Executive Officer of Avchem, will continue to focus his team's primary attention on the aerospace industry. "The Avchem team is very excited to become part of Haas TCM Group," stated Reighard. "We feel that the resources and support we have obtained as an affiliate of The Jordan Company have been very important to our development over the past two years and by bringing Haas and Kemfast together with Avchem, we see our collaboration with Jordan becoming even more vital going forward."

Avchem (http://www.avchem.com) enables its customers to outsource the process associated with obtaining, handling, tracking, and disposing of chemical products and other regulated materials. The company primarily services the aerospace industry where numerous products such as paints, primers, sealants, adhesives, cleaners, solvents, and lubricants are used in the manufacturing and maintenance of aircrafts. Avchem is headquartered in St. Louis, Missouri, USA.

"We view chemical management as a vital component of global industrial growth in the coming decades," said Jeb Boucher, Managing Principal of Jordan. "Chemicals are essential components of virtually every industrial process -- almost always incorporated into the final product and yet very seldom a core capability of the user. A growing list of industrial companies, government agencies and other users of chemical products are recognizing the benefits of outsourcing the procurement, management and disposition of chemicals to companies such as Haas TCM Group where chemicals are, in fact, core."

The Jordan Company, L.P. is a private investment firm specializing in buying and operating businesses in partnership with management. Jordan and its partners and their affiliated entities have completed more than 300 acquisitions since they began investing in 1974. Jordan has over $5 billion in capital under management.


'/>"/>
SOURCE Haas TCM Group Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related biology technology :

1. AEterna Zentaris completes management team with the appointment of Chief Medical Officer
2. Prestwick Pharmaceuticals, Inc. Continues to Build Management Team With Appointment of Martin Stogniew, Ph.D. as Executive Vice President, Chief Technology Officer
3. Updated NIH Guidelines Offer Valuable Information on Asthma Diagnosis and Management
4. Interleukin Genetics Announces Management and Board Appointments
5. Atrium Innovations Announces Management Changes
6. Salugen Announces the U.S. Launch of GenoTrim - a DNA Customized Nutritional Solution for Weight Management
7. Total Site Solutions Selected to Provide Construction Management Services for Existing Pharmaceutical and Biotech Customer for Data Center Expansion Project
8. NanoSensors, Inc. Announces Reorganization of Executive Management Team and Redirection of Operations
9. Boston Scientific Releases Remote Monitoring Data from its Wireless LATITUDE(R) Patient Management System
10. Nile Therapeutics, Inc. Adds to Executive Management Team
11. RF Pain Management Industry Leaders Cotop International and NeuroTherm, Inc. Agree to Merge
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/29/2016)... Denver, CO (PRWEB) , ... April 29, 2016 ... ... on addressing the necessary fundamentals to transform technology into a viable company, CereScan’s ... enable growth. Mr. Kelley, a recognized leader and mentor in the Denver ...
(Date:4/28/2016)... , April 28, 2016 ... company reports the Company,s CEO  was featured in ... Accelerators Enter When VCs Fear To Tread: ... Leader magazine is an essential business ... everything from emerging biotechs to Big Pharmas. Their ...
(Date:4/27/2016)... ... ... Cambridge Semantics, the leading provider of Smart Data analytic and data ... to The Silicon Review’s “20 Fastest Growing Big Data Companies of 2016.” , ... of end users facing some of the most complex data challenges in the industry,” ...
(Date:4/27/2016)... and RESEARCH TRIANGLE PARK, N.C. , ... UTHR ) announced today that Martine Rothblatt ... Therapeutics will provide an overview and update on the ... Annual Health Care Conference. The presentation will ... a.m. Eastern Time, and can be accessed via a ...
Breaking Biology Technology:
(Date:3/31/2016)... , March 31, 2016   ... ("LegacyXChange" or the "Company") LegacyXChange is excited ... of its soon to be launched online site for ... https://www.youtube.com/channel/UCyTLBzmZogV1y2D6bDkBX5g ) will also provide potential shareholders a ... DNA technology to an industry that is notorious for ...
(Date:3/29/2016)... LegacyXChange, Inc. (OTC: LEGX ... Protect are pleased to announce our successful effort to ... of writing instruments, ensuring athletes signatures against counterfeiting and ... athletes on LegacyXChange will be assured of ongoing proof ... Bill Bollander , CEO states, "By inserting ...
(Date:3/22/2016)... India , March 22, 2016 /PRNewswire/ ... market research report "Electronic Sensors Market for Consumer ... Proximity, & Others), Application (Communication & IT, ... Geography - Global Forecast to 2022", published ... industry is expected to reach USD 26.76 ...
Breaking Biology News(10 mins):