Chemical management services supplier Haas TCM on Nov. 1 acquired MC Technologies LLC, which develops and markets workplace chemical safety programs to assist in complying with Occupational Safety and Health Administration hazard communication standards. Terms of the acquisition were not disclosed.
Tucson, Ariz.-based MC Technologies, founded in 2003, has 22 employees. While the company has emphasized the use of its Maxcom system for hazard communication in hospitals and healthcare systems, the acquisition by Haas TCM will bring its product to a wider audience.
There has been a lot of emphasis on the health care side, so theyve been focusing in that area, though they started out just in general industry, Haas TCM Chief Executive Officer Thaddeus Fortin told Lube Report. One of the reasons that we did the acquisition was to move them into our customer base, which is more general industry, such as automotive and aerospace. Weve known about them and have known them for about two years, but have not had any commercial business with them.
Fortin said the acquisition is consistent with the companys strategy to invest and grow in chemical management services, and in companies that manage and track hazardous and non-hazardous chemicals. Haas will offer its customers all of MC Technologies products, systems and programs, he added.
MC Technologies CEO John Rooney will continue to manage the business. MC Technologies will now be able to capitalize on significant growth opportunities in both health care and other markets, Rooney said.
Haas, based in West Chester, Pa., has 400 employees and projected 2007 revenues of $235 million.