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US Haas Buys Radian’S CMS Business Arm

— As printed on 10/14/02 of the European Chemical News
Pennsylvania, US-based chemical management services (CMS) specialist Haas has acquired the Total Chemical Management business of Radian International. The two businesses will trade as Haas TCM. Haas claims the new company will be the world’s foremost independent CMS company.

CMS is a growing area driven by manufacturers in the automotive, electronics and aerospace sectors seeking to outsource all their plants’ chemical needs. CMS providers can offer a single point of contact for chemicals sourcing and logistics, waste management and safety, health and environments issues.

Haas has built up experience serving the automotive sector, while Radian has focused on aerospace and defense. The two operations are thus complementary, said Haas TCM chief executive officer, Thad Fortin. ‘The synergies are incredible and our combined resources to give us tools and scale to set new standards in the rapidly growing CMS business.’

Haas TCM has 250 employees and revenues of $100m/year. It operates in North & South America and Asia - including China and recently Korea.

The company is currently in talks with manufacturers in the UK and Germany for contracts in Europe.

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Follow the links below for additional information:

chemical strategies partnership

What is Chemical Management Services? Chemical Management Services (CMS) is a business in which a customer engages with a service provider in a strategic, long-term contract to supply and manage the customer's chemicals and related services... more »

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