By SARAH E. MORAN
WESTTOWN — Haas TCM announced it has two new contracts worth
as much as $4.5 billion.
A chemical management services company, Haas TCM won
a five-year contract worth as much as $2 billion from the Defense
Logistics Agency‘s Defense Supply Center, a division of the
Department of Defense based in Richmond, Va.
Haas TCM will be the major contractor for compressed
gasses, cylinder supply and maintenance logistics work for the Defense
The contract is part of a larger government effort
to take private the supply chain for defense-oriented commodities.
Haas TCM also won a subcontract worth at least $2.5
billion with Science Applications International Corp., a publicly
traded technical services company based in San Diego. Science Applications‘
contract is with the Defense Supply Center, and Haas TCM will be
a primary subcontractor, explained Thad Fortin, Haas TCM chief executive,
reached at the Paris Air Show.
Fortin believes his privately held company will hire
40 to 50 more people to handle the new contracts, five to seven
of those at headquarters here in the sourcing, accounting and finance
Haas TCM Executive Vice President Leigh Hayes thinks
the company ”may need more space in West Chester,“ where
about 50 of the company‘s 300 employees work today. The rest
work with clients at offices around the world.
Haas TCM will reach $240 million in sales this year
and about $400 million in 2008, the 66 percent revenue boost mainly
coming from the two new contracts, Fortin predicted.
Haas TCM offices are off Route 3 just behind the Kirkwood
Fortin‘s father bought Haas in 1975 when it
manufactured and distributed metal treatment chemicals.
The privately held Haas acquired the total chemical
management business of Radian International LLC of Austin, Texas,
in late 2002, when the company‘s name changed to Haas TCM.
Haas was mostly in the chemical supply and automotive
chemical management businesses until it acquired the Radian division,
which added aerospace and defense clients to its roster.
To contact staff writer Sarah E. Moran, send an e-mail