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Haas TCM acquires Kemfast Aerospace extending OEM and MRO Aerospace Chemical Management Services offering.

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 TCM’s offerings for chemical management services to the aerospace OEM and MRO markets while also establishing logistics and stocking locations in Europe.

Haas TCM’s 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 Europe’s 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
Paula Schiavo
Haas TCM
1475 Phoenixville Pike
West Chester, PA 19380
Phone: 484-564-4534
Fax: 610-436-9076

European Contact
Christopher Wright
Kemfast Aerospace
Chris Wright


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