WEST CHESTER, PA - USA - January 30, 2007 (Business
Wire) Haas TCM announced today the acquisition of Kemfast
Aerospace, a UK based integrated supplier of aerospace chemicals
and chemical management services. The deal includes Kemfast Aerospace
business units in Great Britain, Ireland, and the United States.
The acquisition will broaden Haas TCMs offerings
for chemical management services to the aerospace OEM and MRO markets
while also establishing logistics and stocking locations in Europe.
Haas TCMs CEO, Thaddeus Fortin said Kemfast
Aerospace is a world class Chemical Management Services Company
and will be a valuable extension of our current and future business.
Like Haas TCM, Kemfast Aerospace has built its business with an
entrepreneurial spirit and by investing in its people, technology,
and support systems. Haas TCM and Kemfast Aerospace fit together
well because our service offerings are similar, yet we have little
overlap in customers.
This acquisition is consistent with our strategy
to invest and grow in Chemical Management Services and also to offer
a service platform for our US based customers who have business
in Europe. We are also thrilled that Howard Bunn and Chris Wright
will continue to manage the business and stay on as Managing Directors.
In fact, all the directors and employees of Kemfast Aerospace will
be joining our team.
Kemfast Aerospace(www.kemfast.com) started in 1998
and has fifty-three (53) employees. Kemfast Aerospace has nine (9)
distribution locations in England and Ireland. Kemfast Aerospace
has a significant presence in aviation MRO chemicals throughout
Europe, Eastern Europe, and the Middle East.
Kemfast Aerospace founder and Managing Director, Howard
Bunn said We are delighted to be joining Haas TCM. Kemfast
will now have significant supplier scale and will be able to provide
our existing customers with even higher levels of service and support.
We will also be able to service all of Europes Aerospace industry.
I am very optimistic that this is the right move for our company,
employees, customers, and suppliers. This acquisition will broaden
our collective expertise.
Haas TCM(www.haastcm.com) is headquartered in West
Chester, Pennsylvania USA and has 300 employees and had revenue
of $186 million(US$) in 2006 and projects 2007 revenue to be approximately
$240 million(US$). Haas TCM currently provides chemical lifecycle
management services to over 250 customer locations in the US, Canada,
Mexico, Argentina, Brazil, Turkey, Israel, and China. Current customers
are in the automotive, aerospace, electronic, semiconductor, defense,
transportation, industrial manufacturing, food and beverage, process
and energy sectors.
For more information, please contact:
United States Contact
1475 Phoenixville Pike
West Chester, PA 19380
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